1. Two goods whose cross-price elasticity of demand is negative are known as:

A. substitute good.
B. complement good.
C. neither substitute nor complement.

 

2. The slope of a demand curve is most often:

A. zero.
B. negative.
C. positive.

 

3.  When the demand for a good rises due to increase in its own price, the good is most likely a:

A. Normal good.
B. Giffen good.
C. Veblen good.

 

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