If the Cross-Price Elasticity of Demand for Computers and Software

question 81

Multiple Choice

If the cross-price elasticity of demand for computers and software is negative, this means the two goods are

• A)substitutes.
• B)complements.
• C)inferior.
• D)normal.

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Definitions:

Learned Fear

A fear response resulting from experiences, particularly those involving negative or traumatic events.

Conditioned Response

A learned reaction to a previously neutral stimulus, resulting from the repeated pairing with an unconditioned stimulus that naturally elicits a response.

Generalization

The process of responding similarly to different but related stimuli, often used to explain how people apply learning from specific instances to broader contexts.

Conditioned Stimulus

A previously neutral stimulus that, after becoming associated with an unconditioned stimulus, eventually comes to trigger a conditioned response.