Suppose the Cross-Price Elasticity for Two Goods Is Negative

question 79

Multiple Choice

Suppose the cross-price elasticity for two goods is negative. The two goods are:

• A)normal goods
• B)substitutes
• C)complements
• D)inferior goods

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Definitions:

Prefix

An affix placed before a word to modify its meaning, such as re-, un-, or anti-.

-poiesis

A suffix meaning the formation, production, or generation of something, such as in 'hemopoiesis' the production of blood cells.

Suffix

A morpheme added at the end of a word to form a derivative, e.g., -tion, -sion, -ness.

Formation

The process of developing or being formed; in biology, it often refers to the way cells or tissues are created and organized.