When Two Goods Have Positive Cross Elasticities of Demand and Positive

question 119

Multiple Choice

When two goods have positive cross elasticities of demand and positive income elasticities, they are:

• A)​Normal and substitutes.
• B)​Normal and complements.
• C)​Inferior and substitutes.
• D)​Inferior and complements.

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Definitions:

Academic Success

Achievements in educational pursuits, often measured by grades, scholarships, or obtaining degrees and certifications.

Intelligence Test Scores

Quantitative measures of a person's intelligence relative to others, often used in educational and clinical settings.

Normal Curve

A bell-shaped curve representing the distribution of a set of data where most occurrences take place in the middle of the range.

Hispanic Americans

Individuals of Hispanic origin living in the United States, encompassing a diverse range of cultures, traditions, and backgrounds.