A Positive Cross Elasticity Indicates a Substitute Relationship

question 7

True/False

A positive cross elasticity indicates a substitute relationship.

---

Definitions:

Latchkey Family

A family arrangement where children are left to care for themselves for part of the day, often because parents are at work or away.

Employed Full-Time

Refers to having a job or position that requires the standard number of hours per week defined by an employer as full-time work.

Uninvolved Parenting

A parenting style characterized by a lack of responsiveness and communication, where parents fulfill basic needs but are detached from their child’s life.

Supporting

The act of providing assistance or encouragement to others, often involving emotional, financial, or practical aid.