Transport Canada Reports That, in 2011, the Highest Number of Traffic

question 38

Multiple Choice

Transport Canada reports that, in 2011, the highest number of traffic fatalities were for drivers aged:

• A) 65 years and older .
• B) 35 - 54 years .
• C) 25 - 34 years .
• D) 19 - 24 years .

---

Definitions:

Cross-Price Elasticity

The degree to which the demand for one commodity reacts to alterations in the pricing of another commodity.

Cross-Price Elasticity

A measure of how the quantity demanded of one good responds to a price change of another good.

Quantity Demanded

The total amount of a good or service that consumers are willing to purchase at a given price.

Cross-Price Elasticity

A measure of the responsiveness of demand for one good to a change in the price of another good, indicating substitutability or complementarity.