If the Cross-Price Elasticity Between Good X & Y Is

question 152

Multiple Choice

If the cross-price elasticity between good X & Y is positive, we know the goods are:

• A)inferior goods.
• B)complements.
• C)inelastic.
• D)substitutes.

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Definitions:

Diversification

A strategy used in investing or business to spread risks by allocating resources across different assets, products, or markets.

Expected Gain

The anticipated benefit or profit from an investment or action.

Diversification

A strategy of investing in a variety of assets to reduce overall risk.

Expected Gain

The anticipated benefit or profit that arises from a specific action or investment.