If Price of Product a Increases by 10%,and the Quantity

question 74

Multiple Choice

If price of product A increases by 10%,and the quantity demanded for product B drops by 50%,then the cross price elasticity of the quantity of product A with respect to price of product B is

• A)5.
• B)-5.
• C)0.2.
• D)-0.2.

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Definitions:

Progress

Forward or onward movement towards a destination or a more advanced state or goal.

Feminism

A movement and ideology that advocates for equal rights and opportunities for women in all aspects of society.

Heroes

Individuals admired for their courage, outstanding achievements, or noble qualities, often serving as role models or symbols of ideal behavior.

Solomon Asch

A psychologist best known for his research on conformity, demonstrating how social pressure can influence individuals to conform to incorrect answers.