If the Price of Oranges Went Up by 20 Percent

question 86

Multiple Choice

If the price of oranges went up by 20 percent, which of the following values of the cross price elasticity for apples would be most reasonable to anticipate?

• A) 0.0
• B) 1.2
• C) -2.0
• D) -0.2

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Definitions:

Needs Analysis

A process used to determine the gaps between current capabilities and desired outcomes, often used to identify training and development requirements.

Developmental Costs

The expenses incurred during the creation and implementation of a project, including research, design, and testing.

Technical Skills Certificate Program

A structured educational offering designed to provide specific technical skills and competencies.

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The process of creating a structured plan for a training or educational initiative, outlining objectives, content, materials, and assessment methods.