Good X and Good Y Are Related Goods

question 139

Multiple Choice

Good X and Good Y are related goods. When the price of Good X rises by 20 percent, the quantity demanded for Good Y falls by 40 percent. What is the cross-price elasticity?

• A) 2
• B) 4
• C) -0.5
• D) -2

Recognize the importance and the challenges of achieving reliability and validity in sociological studies.

Explain the use and limitations of specific research methods for addressing different types of sociological questions.

Understand the principles and practices of preventive approaches in mental health care.

Identify the characteristics and limitations of managed care programs in mental health.

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Definitions:

MCR Instruction

A Master Control Reset instruction, typically used in programmable logic controllers (PLCs) to control the operation of blocks of logic or functions.

Circuit

A closed loop or pathway that allows for the flow of electricity, consisting of various electrical components such as resistors, capacitors, and inductors.

Logic Continuity

The property of a logical scheme or electronic circuit to have a connected and coherent path for signal flow, ensuring intended operation.