Two Goods Are Considered Substitutes When the Cross Elasticity of Demand

question 117

Multiple Choice

Two goods are considered substitutes when the cross elasticity of demand is ___ and complements when the cross elasticity of demand is ___.

• A)​Greater than zero, less than zero.
• B)​Less than zero, greater than zero.
• C)​Greater than one, less than one.
• D)​Less than one, greater than one.

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Definitions:

Chromosomes

Structures within cells that contain genetic information in the form of DNA, crucial for inheritance and cell division.

S Phase

Stage in interphase of the cell cycle during which DNA and other chromosomal constituents are synthesized. Compare with G1 phase and G2 phase.

Metaphase

A stage of cell division where chromosomes line up at the cell's equator before being separated into each of the two new cells.

Prophase

The first stage of cell division in both mitosis and meiosis, characterized by the condensation of the chromatin and the formation of the mitotic spindle.