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Author Question: A 10 percent decrease in the price of a Pepsi decreases the demand for a Coca-Cola by 50 percent. ... (Read 101 times)

asan beg

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on: Jun 29, 2018
A 10 percent decrease in the price of a Pepsi decreases the demand for a Coca-Cola by 50 percent. The cross elasticity of demand between a Pepsi and Coca-Cola is
 
  A) 50.
  B) 10.
  C) 5.
  D) 0.20.

Question 2

The demand for labor depends on I. technology. II. the prices of other factors of production. III. the price of the product.
 
  A) I and II
  B) II and III
  C) I and III
  D) I, II and III


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voltaire123

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

D


asan beg

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

bdobbins

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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