If the Cross-Price Elasticity Between Good a and Good B

question 174

Multiple Choice

If the cross-price elasticity between Good A and Good B is -1.5 and the percentage change in quantity demanded of Good B is 15 percent,what is the percentage change in the price of Good A?

• A) -10 percent
• B) -0.10 percent
• C) -11.50 percent
• D) -1 percent
• E) 11.50 percent

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Definitions:

Phenotypic Plasticity

The ability of an organism to modify its phenotype in response to environmental changes, demonstrating the flexibility and adaptability of biological organisms.

Heritability

A measure of the degree to which a variation in a particular trait among individuals in a specific population is related to genetic differences among those individuals.

Coevolution

A process by which two or more species reciprocally affect each other's evolution through natural selection.

Human Biology

The scientific study of the biological and physiological aspects of human beings, their behavior, and how they interact with their environment.