QUESTION 53 If the cross-price elasticity between two goods is positive, then the two goods are likely to be: O Complements Substitutes O Supplements Onecessities QUESTION 54 How might department stores best protect themselves against the risk of recession? O Buy more department stores Stand ready to go out of business if a recession occurs Sell goods that are complements to one another. O Sell both normal and inferior goods QUESTION 55 Public goods cannot be provided privately if: Othey are equally valued by everyone Othey are expensive Oare high cost Ospread across many individuals who will not reveal their willingness to pay QUESTION 56 If the firm increases the price it charges and total revenue increases: The good is price elastic The good is unit elastic The good is price inelastic The good is a Giffen good
