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Author Question: The cross-price elasticity between Gillette razors and a related good is -3.4. What happens to the ... (Read 121 times)

silviawilliams41

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on: Jun 29, 2018
The cross-price elasticity between Gillette razors and a related good is -3.4. What happens to the demand for the related good if the price of Gillette razors falls by 10 percent?
 
  A) The quantity demanded of the related good falls by 34 percent.
  B) The quantity demanded of the related good rises by 34 percent.
  C) The quantity demanded of the related good rises by 3.4 percent.
  D) The quantity demanded of the related good falls by 3.4 percent.

Question 2

Refer to Figure 4-9. What area represents the deadweight loss after the imposition of the price floor?
 
  A) F + G B) C + D + F + G C) C + D D) C + D + G
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
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phuda

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Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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silviawilliams41

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Reply #2 on: Jun 29, 2018
Thank you


phuda

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Reply #3 on: Jun 29, 2018
No problemo


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