If Two Goods Have a Cross Elasticity of Demand of -2,then

question 316

Multiple Choice

If two goods have a cross elasticity of demand of -2,then when the price of one good increases,the demand curve of the other good

• A) shifts rightward.
• B) shifts leftward.
• C) remains unchanged and the supply curve also remains unchanged.
• D) might shift rightward, leftward, or remain unchanged.
• E) remains unchanged but the supply curve shifts leftward.

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Definitions:

Silent P

A linguistic occurrence where the letter "P" is not pronounced in certain words, like "pneumonia".

Combining Form

In language, a form of a word that is used in combination with another form to make a new word, often used in medical terms.

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A letter of the alphabet representing a speech sound made without significant constriction of the flow of air from the lungs.