Suppose the Cross-Price Elasticity of Demand Between Quinces and Muskmelons

question 28

Multiple Choice

Suppose the cross-price elasticity of demand between quinces and muskmelons is 5.Which of the following must be true?

• A)Quinces are normal goods.
• B)Muskmelons are normal goods.
• C)If the price of quinces rises by $5, the demand for muskmelons will increase by 1.
• D)If the price of muskmelons rises by $5, the demand for quinces will increase by 1.
• E)Quinces and muskmelons are substitutes.

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Definitions:

Elevated

Refers to an increase or higher-than-normal level in medical or environmental contexts, such as elevated blood pressure or elevated terrain.

Acapella Device

A respiratory therapy tool designed to help patients clear mucus from the airways by providing vibration and resistance during exhalation.

Exhale Slowly

A breathing technique often advised to reduce stress or improve lung function, involving a controlled and gradual release of breath.

Vibrates

The act of moving back and forth rapidly in a small movement, often as a result of mechanical action or acoustic energy.