The Cross-Price Elasticity of Two Goods Is 2

question 9

Multiple Choice

The cross-price elasticity of two goods is 2.This tells us the two goods are:

• A) substitutes.
• B) complements.
• C) unrelated.
• D) inelastic.

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Definitions:

Genes

Units of heredity made up of DNA that act as instructions to make molecules called proteins, influencing individual traits.

Nativists

Scholars who argue that certain skills or abilities are innate and hard-wired into the brain at birth.

Nature

The phenomena of the physical world collectively, including plants, animals, the landscape, and other features and products of the earth, as opposed to humans or human creations.

Heredity

The passing of traits from parents to offspring through genes.