Which of the Following Pairs of Goods Would Most Likely

question 72

Multiple Choice

Which of the following pairs of goods would most likely exhibit a cross price elasticity of -1.8?

• A)​orange juice and grapefruit juice
• B)​coffee and tea
• C)​a bagel and cream cheese
• D)​a van and a sport utility vehicle

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Definitions:

Norepinephrine

A neurotransmitter and hormone involved in the body’s fight or flight response, affecting attention, responses to stress, and heart rate.

Type A

The Type A personality is characterized by a constant feeling of working against the clock and an intense competitive drive, often associated with higher stress levels and a higher risk of heart disease.

Type B

Friedman and Rosenman’s term for easygoing, relaxed people.

Hard-Driving

Exhibiting or characterized by aggressive, energetic effort or activity, often in pursuit of a goal.