If the Cross-Price Elasticity of Two Goods Is 0

question 16

Multiple Choice

If the cross-price elasticity of two goods is 0.25,then we know that these goods are:

• A) substitutes because their cross-price elasticity is greater than zero.
• B) complements because their cross-price elasticity is less than 1.
• C) substitutes because their cross-price elasticity is less than 1.
• D) complements because their cross-price elasticity is greater than zero.

---

Definitions:

Job Enrichment

Making a job more motivating and satisfying by adding variety and responsibility

New Learning

The process of acquiring knowledge or skills in an area previously unfamiliar to the learner.

Shares Power

Refers to a leadership or management style where authority and decision-making responsibilities are distributed among team members.

Empowerment

Process by which a manager shares power with team members, thereby enhancing their feelings of self-efficacy.