When Two Goods Are Complements, Their Cross-Price Elasticity of Demand

question 155

Multiple Choice

When two goods are complements, their cross-price elasticity of demand is:

• A) positive.
• B) negative.
• C) zero.
• D) equal to one.

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Definitions:

Immigrant Group

consists of individuals who have moved from one country to another, not as temporary migrants but with the intention of settling in the new country, often forming communities with shared cultural or national backgrounds.

Host Society

The society or community that receives and integrates individuals or groups from different cultural, ethnic, or national backgrounds.

Intersectional Theory

A framework for understanding how aspects of a person's social and political identities combine to create different modes of discrimination and privilege.

Life Chances

The opportunities an individual has for achieving economic prosperity, quality education, healthcare, and living a fulfilling life, influenced by social and economic factors.