Which Two Indices Had the Lowest Correlation Between Them During

question 47

Multiple Choice

Which two indices had the lowest correlation between them during the 2008-2012 period?

• A) S&P and DJIA; the correlation was 0.979
• B) S&P and NASDAQ 100; the correlation was 0.928
• C) DJIA and Russell 2000; the correlation was 0.908
• D) S&P and Russell 2000; the correlation was 0.948
• E) NASDAQ 100 and DJIA; the correlation was 0.876

Apply knowledge of elasticity to predict changes in demand or consumption based on changes in the price of related goods or changes in income.

Recognize the economic implications of different elasticity measures (price, income, and cross-price) on consumer behavior and business strategy.

Analyze different scenarios to determine the elasticity type and its impact on quantity demanded.

Distinguish between substitutes and complements based on cross-price elasticity of demand values.

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