Cross Elasticity Is Defined as the _______________

question 138

Multiple Choice

Cross elasticity is defined as the _______________.

• A)percentage change in price of a one good (A),divided by the percentage change in the quantity demanded of a related good (B)
• B)percentage change in quantity demanded for one good (A),divided by the percentage change in the price of a related good (B)
• C)percentage change in quantity demanded for one good (A),divided by the percentage change in the price of that good (A)
• D)change in quantity demanded for one good (A),divided by the change in the price of a related good (B)

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Definitions:

Receptor Cells

Specialized cells that detect specific types of energy (e.g., light, sound, chemicals) and convert them into neural signals for the brain to process.

Taste Bud

A sensory organ found on the tongue that perceives taste, including sweet, sour, salty, bitter, and umami.

Supertasters

Individuals with a heightened sense of taste, often having a higher density of taste buds on their tongue.

Papillae

Small, nipple-like structures on the tongue where taste buds are located, responsible for the sensation of taste.