If Two Goods Are Complements, Their Cross-Price Elasticity Will Be

question 156

Multiple Choice

If two goods are complements, their cross-price elasticity will be

• A)positive.
• B)negative.
• C)zero.
• D)equal to the difference between the income elasticities of demand for the two goods.

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Definitions:

Cerebellum

Part of the brain that regulates motor movements, including coordination, precision, and timing.

Serial-Position Effect

A cognitive phenomenon where people tend to remember the first and last items in a series better than the middle items.

Episodic Memory

A type of long-term memory that involves the recollection of specific events, situations, and experiences, including the context and emotions associated with them.

Procedural Memories

A type of long-term memory involved in the acquisition of skills and habits, referring to how things are done.