If There Are Only Two Goods and These Are Consumed

question 39

Multiple Choice

If there are only two goods and these are consumed in fixed proportions,the price elasticities of demand for these two goods will sum to

• A)0.0
• B)-0.5
• C)-1.0
• D)a number between 0 and -1.

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Definitions:

Peers

Individuals who are equals within a specific context, such as age, grade, or status, often influencing social and psychological behavior.

Daycare

A service that provides care and educational activities for children when their parents or guardians are unavailable during the day.

Nutrition

The process of providing or obtaining the food necessary for health and growth.

Poor Children

Refers to children living in conditions of economic deprivation, which can impact their health, education, and development.