If the Cross-Price Elasticity of Demand Between Good a and Good

question 74

Multiple Choice

If the cross-price elasticity of demand between Good A and Good B is 3,the price of Good B increases,and the price elasticity of demand for Good B is inelastic,we can expect to see a ________ change in the quantity demanded for Good A.

• A) positive,zero
• B) positive,small
• C) negative,infinite
• D) negative,one-for-one
• E) positive,large

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Definitions:

Grapevine

Informal channels of communication within an organization, often characterized by rumors and unofficial information.

Rumor

Information or a story that is circulated from person to person but has not been proven to be true.

Aerospace Industry

The sector engaged in the research, design, manufacture, operation, and maintenance of aircraft and spacecraft.

Ph.D.

A Doctor of Philosophy degree, a type of doctoral degree awarded by universities, representing high-level achievement in research and academic study.