If Cross Price Elasticity Is Positive but Less Than One,the

question 64

Multiple Choice

If cross price elasticity is positive but less than one,the two goods are:

• A)substitutes.
• B)inelastically demanded.
• C)complements.
• D)normal.

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Definitions:

Tradable Emissions Permit

A regulatory tool that allows businesses to buy, sell, or trade allowances that permit them a certain amount of pollutant emissions, encouraging reduction in pollution in a cost-effective manner.

Discharge Level

Discharge level typically pertains to the volume or rate at which a fluid, such as water or gas, is expelled from a given source, often used in environmental science to refer to pollution control.

Pollutants

Substances that contaminate the environment, causing harm to ecosystems and human health.

Tradable Emissions Permits

A market-based approach to controlling pollution by providing economic incentives for achieving reductions in the emissions of pollutants.