Which of the Following Is Correct

question 335

Multiple Choice

Which of the following is correct?

• A) The cross elasticity of demand for substitute goods is positive.
• B) The cross elasticity of demand for substitute goods is negative.
• C) The cross elasticity of demand equals the percentage change in demand divided by the percentage change in income.
• D) The income elasticity of demand for a normal good is negative.
• E) The cross elasticity of demand for normal goods is positive.

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Definitions:

Past Reinforcement

Previous experiences of being rewarded or punished, which influence future behaviors and decision-making processes.

Actualize

The process of realizing or achieving one's potential or abilities, often associated with the fulfillment of personal goals or self-improvement.

Interpretation

The process of explaining the meaning of something, especially in the context of data, texts, dreams, or behaviors.

Psychoanalysis

A set of psychological theories and therapeutic methods which aim to treat mental disorders by investigating the interaction of conscious and unconscious elements in the mind and bringing repressed fears and conflicts into the conscious mind by techniques such as dream interpretation and free association.