Which of the Following Pairs of Goods Is Likely to Have

question 143

Multiple Choice

Which of the following pairs of goods is likely to have a negative cross-price elasticity of demand?

• A) Pancakes and syrup
• B) Hot dogs and hamburgers
• C) Orange juice and grapefruit juice
• D) Peanuts and cat food

---

Definitions:

TIE

Times Interest Earned, a financial ratio that measures a company's ability to meet its debt obligations based on its current income.

Operating Costs

The day-to-day expenses involved with running a business, excluding costs associated with production.

Assets

Resources owned or controlled by an entity with expected future economic benefits.

Sales

The total revenue earned from the sale of goods or services related to a company's primary operations.