If the Demand for Salad Dressing Increased When the Price

question 75

Multiple Choice

If the demand for salad dressing increased when the price of lettuce decreased,cross price elasticity would be ________,and we would say these two goods are _______.

• A)unitary;inelastic
• B)zero;inferior
• C)negative;substitutes
• D)negative;complements

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Definitions:

Location Best

Refers to the optimum geographical position for a business or facility, taking into account factors like cost, accessibility, and proximity to markets or resources.

Supply Depot

A facility used for the storage and distribution of goods and materials.

Map Coordinates

A system of numbers that uniquely identifies positions on the surface of the earth or a map, often represented in latitude and longitude or an alphanumeric grid.

Tonnage

A measure of weight or volume used to quantify the size or cargo capacity of ships, or the output of a production process.