If Two Goods Are Substitutes,their Cross-Price Elasticity Will Be

question 46

Multiple Choice

If two goods are substitutes,their cross-price elasticity will be

• A)positive.
• B)negative.
• C)zero.
• D)equal to the difference between the income elasticities of demand for the two goods.

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Definitions:

Mindlessness

A state of reduced cognitive activity where individuals act or respond to stimuli without deliberate thought or awareness, leading to automatic or habitual behaviors.

Social Learning

The capacity to learn from observing others.

Reinforced

Strengthened or emphasized, often in the context of behaviors that are increased in frequency due to positive feedback or outcomes.

Imitate

The action of copying or replicating someone’s gestures, speech, or behaviors.