-In the Above Table,the Cross Price Elasticity of Demand for
\text

question 384

Multiple Choice

$$\begin{array} { l r r r r r r } \text { Month } & \mathbf { P X } _ { \mathbf { X } } & \mathbf { Q X } & \mathbf { P } _ { \mathbf { Y } } & \mathbf { Q } & \mathbf { P } _ { \mathbf { Z } } & \mathbf { \text { QZ } } \\\hline \text { Jan } & \$ 10 & 100 & \$ 20 & 50 & \$ 25 & 200 \\\text { Feb } & 10 & 90 & 18 & 60 & 25 & 225 \\\text { Mar } & 10 & 70 & 15 & 90 & 25 & 275 \\\text { Apr } & 12 & 50 & 15 & 100 & 25 & 290 \\\text { May } & 15 & 25 & 15 & 120 & 25 & 320\\\hline\end{array}$$
-In the above table,the cross price elasticity of demand for good Y with good X when PX rises from $10 to $12 is

• A)+0.29.
• B)+1.83.
• C)+0.58.
• D)-0.58.

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Definitions:

Ripple Effect

A phenomenon where an initial impact spreads outward, affecting subsequently larger numbers of people or elements.

Referent Power

Influence derived from others' identification with, attraction to, or respect for the power-holder.

Coercive Power

The ability to control others through the threat of punishment or the actual infliction of unpleasantness.

Agentic State

A psychological condition in which an individual defers to authority and acts on the orders of that authority, even against their own conscience.