Which of the following cities in NOT the location of a Federal Reserve Bank?

The price of cereal rises. As a result, people have cereal for breakfast on fewer days and eat eggs instead. This behavior is an example of

A) a decrease in the quantity demanded of cereal because of the substitution effect. B) an increase in the quantity demanded of eggs because of the income effect. C) a decrease in the quantity supplied of cereal because of the substitution effect. D) an increase in the quantity supplied of eggs because of the income effect.

_____ measures the percentage change in quantity demanded of a good caused by a given percentage change in the price of a related good

a. Income elasticity of demand b. Cross-price elasticity of demand c. Advertising elasticity of demand d. Price elasticity of demand e. Point elasticity