The greater the substitutability between Northwest timber and ...

[cagreen833]

The greater the substitutability between Northwest timber and Southeast timber, the ________ is the cross elasticity of demand between timber from the two regions and the ________ is the elasticity of demand for Northwest timber.
 
  A) smaller; smaller
  B) smaller; larger
  C) larger; smaller
  D) larger; larger

Question 2

Using the data in the above table, if exports = 1,150 billion and the private sector runs a surplus of 300 billion, the government sector will run
 
  A) a surplus of 150 billion.
  B) a surplus of 450 billion.
  C) a deficit of 150 billion.
  D) a deficit of 450 billion.

[Carliemb17]

Answer to Question 1

D

Answer to Question 2

C

[cagreen833]

YES! Correct, THANKS for helping me on my review

[TheNamesImani]

Thanks for the timely response, appreciate it