Gasoline and Motel Rooms Are Complements for Many Consumers

question 140

Multiple Choice

Gasoline and motel rooms are complements for many consumers.When the price of gasoline declines,consumers take longer vacations and rent more motel rooms.Therefore,the cross price elasticity between gasoline and motel rooms is

• A) positive.
• B) negative.
• C) less than one because neither is a luxury.
• D) more than one because both are luxuries.

---

Definitions:

Racism

Prejudice, discrimination, or antagonism directed against someone of a different race based on the belief that one's own race is superior.

Inferior

Lower in rank, quality, or status; often implies being of lesser value or importance than something else.

Laissez-Faire Racism

Maintaining the status quo of racial groups by persistent stereotyping and blaming of minorities for achievement and socioeconomic gaps between groups.

Negative Stereotyping

The act of assigning adverse and often unfair beliefs onto individuals or groups based on their presumed characteristics.