If Two Goods Are Complements

question 269

Multiple Choice

If two goods are complements,

• A) the demands for both goods will be elastic.
• B) cross price elasticity of demand will be 0.
• C) cross price elasticity of demand will be negative.
• D) cross price elasticity of demand will be positive.

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Definitions:

Anger

An emotional state ranging from mild irritation to intense fury and rage, often triggered by perceived wrongdoing or injustice.

Bargaining

A negotiation process between two or more parties aimed at reaching a mutually beneficial agreement or outcome.

Depression

A psychological disorder marked by a continuous low mood or a lack of enthusiasm for activities, leading to a considerable disruption in everyday functioning.

Erikson

Refers to Erik Erikson, a developmental psychologist known for his theory on the psychosocial development of human beings.