Which Pair of Goods Is Likely to Have the Largest

question 35

Multiple Choice

Which pair of goods is likely to have the largest positive cross-price elasticity?

• A) Peanut butter and jelly
• B) Butter and margarine
• C) Ramen noodles and a Rolex watch
• D) Cross-price elasticity is always negative, and simply reported in absolute value.

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Definitions:

Solid Waste Products

materials discarded after being used, which are solid in form, including garbage, and not intended for further use.

Nutrient Material

Substances required by organisms to survive, grow, and reproduce, typically obtained from the environment or diet.

Bloodstream

The flowing blood within the circulatory system of a body, delivering nutrients and oxygen to cells and removing waste products.

Lymph

A clear, colorless fluid that circulates through the lymphatic system, carrying cells that help fight infection and disease.