When the Cross-Price Elasticity of Demand Is a Large Positive

question 33

Multiple Choice

When the cross-price elasticity of demand is a large positive number,one can correctly conclude that:

• A)the goods are normal goods.
• B)the goods are inferior goods.
• C)the goods are substitutes.
• D)the goods are complements.
• E)total revenue will increase when the price increases.

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Definitions:

Conserving

The act of preserving something in its original or existing state, often referring to natural resources, energy, or cultural heritage.

Egocentric Speech

A developmental stage in children where language is used primarily for the self, without consideration for the listener's perspective or understanding.

Social Speech

Speech used in social situations to communicate with others, often reflecting societal norms and practices.

Prevent Obesity

Strategies or actions aimed at reducing the risk or incidence of obesity through measures like healthy eating, regular exercise, and lifestyle modifications.