Consider the Following Pairs of Items

question 94

Multiple Choice

Consider the following pairs of items:
a.shampoo and conditioner
b.iPhones and earbuds
c.a laptop computer and a desktop computer
d.beef and pork
e.air-travel and weed killer
Which of the pairs listed will have cross-price elasticity of zero?

• A) a and b only
• B) c only, since most people cannot do without computers
• C) e only
• D) None of the pairs listed

---

Definitions:

Symbolic Interactionists

Sociologists who study how people use symbols to create meaning, communicate, form views of the world, and develop their sense of self.

Produce and Interpret

The process of creating something and then making sense of it or assigning meaning to it.

Culture

The collective values, traditions, rituals, and societal conduct specific to a certain country or community.

Jean Baudrillard

A French philosopher and sociologist known for his critical theories about media, culture, and technological communication, as well as for his concept of hyperreality.