The Cross Price Elasticity of Demand for Poultry with Respect

question 157

Multiple Choice

The cross price elasticity of demand for poultry with respect to the price of ground beef has been estimated to be 0.23.If the price of ground beef falls by 20 percent in a period, how will that affect the demand for poultry in that period, all other things unchanged?

• A) The demand for poultry will rise.
• B) The demand for poultry will remain unchanged.
• C) The demand for ground beef will increase, but the demand for poultry will fall.
• D) The demand for ground beef will not change, but the demand for poultry will fall.

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Definitions:

HSG

Hysterosalpingography, a radiographic procedure to examine the uterus and fallopian tubes often used in infertility diagnosis.

COC

Combined Oral Contraceptives, a form of birth control pill that contains both estrogen and progestin hormones.

Sarc

A root word used in medical terms to indicate flesh or connective tissue.

Flesh

The soft substance consisting of muscle and fat between the skin and bones of an animal or a human.