If Two Goods Both Had Negative Cross Elasticities and Negative

question 249

Multiple Choice

If two goods both had negative cross elasticities and negative 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:

Horizontal

Parallel to the ground or to the bottom edge of a page, creating a left and right orientation.

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A stroke resulting from bleeding from a blood vessel.

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A condition where the wall of a blood vessel breaks open, leading to bleeding within the body.

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A part of the brain at the back of the skull in vertebrates, which coordinates and regulates muscular activity.