If the Cross-Price Elasticity of Demand Between Beer and Wine

question 161

Multiple Choice

If the cross-price elasticity of demand between beer and wine is 0.31, then beer and wine are

• A)complements.
• B)price-inelastic goods.
• C)substitutes.
• D)necessities.

---

Definitions:

Abnormal Behavior

A pattern of behavioral, emotional, or cognitive functioning that is atypical or significantly deviates from societal norms and may cause distress or impairment in functioning.

Study

The act of devoting time and attention to acquiring knowledge on an academic subject, especially through books.

Abnormal Behavior

Actions, thoughts, or emotions that are considered deviant from societal norms or personal distress, potentially indicative of a psychological disorder.

Rare

Uncommon or infrequent; in the context of objects or events, signifies something that is not typically encountered.