When Two Goods Are Unrelated

question 172

Multiple Choice

When two goods are unrelated,

• A) the demands for both goods will be inelastic.
• B) cross price elasticity of demand will be 0.
• C) cross price elasticity of demand will be negative.
• D) cross price elasticity of demand will be positive.

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Definitions:

Act Utilitarian

A philosophy or ethical stance that evaluates the morality of an action based on the consequence or outcome of that specific act, aiming to maximize happiness or utility.

False Testimony

Giving deliberately untrue statements or evidence in a legal proceeding, typically under oath.

Utilitarianism

A moral philosophy that emphasizes the greatest good for the greatest number, assessing actions based on their outcomes or consequences.

Real World

A term referring to the tangible, everyday reality in which human beings live and interact, as opposed to theoretical constructs or fictional worlds.