If a 1 Percent Decrease in the Price of Product

question 129

Multiple Choice

If a 1 percent decrease in the price of product A brings about a 3 percent increase in the sales of product B, then:

• A) products A and B are complementary.
• B) the cross elasticity of demand between these two products is positive.
• C) products A and B are substitutes.
• D) the demand for these products is inelastic.

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Definitions:

Psychotherapies

A variety of therapeutic techniques utilized to improve an individual's mental health and alleviate psychological disorders by speaking with a therapist.

Bipolar II Disorder

A type of bipolar disorder marked by mild manic (hypomanic) and major depressive episodes.

Bipolar I Disorder

A type of bipolar disorder marked by full manic and major depressive episodes.

Cyclothymic Disorder

A disorder marked by numerous periods of hypomanic symptoms and mild depressive symptoms.