Suppose That When the Price of Root Beer Rises 1

question 164

Multiple Choice

Suppose that when the price of root beer rises 1%, the quantity of hotdogs demanded falls 0.5%. This would mean that hotdogs and root beer are

• A) substitutes, with a cross price elasticity of 0.5.
• B) complements, with a cross price elasticity of -0.5.
• C) substitutes, with a cross price elasticity of -2.0.
• D) complements, with a cross price elasticity of -2.0.

---

Definitions:

Legal Rights

Entitlements or permissions granted to individuals by law, including freedoms, immunities, and benefits subject to legal protections.

Right to Counsel

The legal principle that individuals have the right to attorney representation in legal proceedings.

Gideon v. Wainwright

A landmark Supreme Court case in 1963 that established the right to an attorney for criminal defendants in federal and state courts who cannot afford one.

Court-Appointed Attorneys

Lawyers assigned by a court to represent individuals who cannot afford to hire legal representation.