This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What does the cross-price elasticity of demand measure? How is it calculated? What will be an ... (Read 90 times)

RRMR

  • Hero Member
  • *****
  • Posts: 557
on: Jun 29, 2018
What does the cross-price elasticity of demand measure? How is it calculated?
 
  What will be an ideal response?

Question 2

Organizing a successful firm in a market economy has become ________ over the last century.
 
  A) politically impossible B) less difficult
  C) legally impossible D) more difficult


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

underwood14

  • Sr. Member
  • ****
  • Posts: 346
Reply #1 on: Jun 29, 2018
Answer to Question 1

The cross-price elasticity of demand measures the responsiveness of the quantity of one good demanded to changes in the price of another good. It is calculated by dividing the percentage change in quantity of good Y demanded by the percentage change in the price of good X.

Answer to Question 2

D


RRMR

  • Member
  • Posts: 557
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

scikid

  • Member
  • Posts: 300
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Meningocele. (a) A meningocele is a herniation of the meninges, usually associated with the spinal c Meningocele. (a) A meningocele is a herniation of the meninges, usually associated with the spinal c
Performing a Spirometry Test to Measure Forced Vital Capacity Performing a Spirometry Test to Measure Forced Vital Capacity
A radiator may be either a down-flow or a cross-flow type. A radiator may be either a down-flow or a cross-flow type.
The original Supply and Demand graph The original Supply and Demand graph
Mendel’s test cross to verify independent assortment Mendel’s test cross to verify independent assortment
Yearly growth of tree trunk (cross-section) Yearly growth of tree trunk (cross-section)
Video: Knee Animation

For a complete list of videos, visit our video library