If Two Goods Both Had Positive Cross Elasticities and Positive

question 38

Multiple Choice

If two goods both had positive cross elasticities and positive income elasticities,

• A)​they are both normal and substitutes for one another.
• B)​they are both normal and complements for one another.
• C)​they are both inferior and substitutes for one another.
• D)​they are both inferior and complements for one another.

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Definitions:

Variance

A statistical measure that represents the dispersion or spread of a set of data points.

Genetics

The exploration of how genetic traits are inherited and how these traits differ among offspring.

Epigenetics

The study of how behaviors and environment can cause changes that affect the way genes work, without altering the DNA sequence.

Twin Studies

These are research designs in psychology and genetics that compare the similarities and differences between monozygotic (identical) and dizygotic (fraternal) twins to understand how genetic and environmental factors influence traits.