-Refer to the Above Table

question 396

Multiple Choice

-Refer to the above table. The price of Y decreases from $18 to $15. What is the cross price elasticity of demand between Y and X?

• A) -0.73
• B) -1.0
• C) +1.38
• D) +1.83

---

Definitions:

Performance Standards

Explicit benchmarks, criteria, or specific targets against which the actual performance of an individual, group, or organization can be measured.

Democratic Leadership

A leadership style characterized by encouraging open communication and sharing decision-making among team members to guide direction.

Personal Interests

The hobbies, goals, or activities that an individual is passionate about or pursues for personal satisfaction.

Personalized Power

Power used for personal gain, often at the expense of others, contrasting with power used for the benefit of others.