If Two Goods,X and Y,have a Negative Cross Elasticity of Demand,then

question 17

Multiple Choice

If two goods,X and Y,have a negative cross elasticity of demand,then we know that they

• A)are substitutes.
• B)are complements.
• C)are both inferior goods.
• D)each have a price elasticity greater than one.
• E)are both normal goods.

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Definitions:

Zygomatic

Pertaining to the cheekbone or zygoma, which is a bone that forms part of the orbit of the eye and the cheek.

Temporal

Pertaining to the temporal bone of the skull, near the temples, and involved in hearing and balance.

Parietal

Relating to or attached to the wall of a cavity or body, such as the parietal bones of the skull or the parietal lobe of the brain.

Sphenoid

A complex bone located at the base of the skull between the frontal and temporal bones, contributing to the structure of the eye socket and the cranial floor.