Day: June 14, 2025

The cross elasticity of demand between the Big Staffie product and the Little Staffie product is zero.

It can, therefore, be deduced that the two products are?

Select ONE answer:

1. Complements
2. Substitutes
3. Veblen goods
4. Unrelated

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 4

1. Not correct
2. Not correct
3. Not correct
4. Correct == > Zero cross-elasticity means the goods are unrelated.

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