« previous next »

Author Question: Joe likes peanut butter and jelly sandwiches for lunch. We can conclude that for Joe the cross ... (Read 47 times)

fnuegbu

  • Hero Member
  • *****
  • Posts: 539
on: Jun 29, 2018
Joe likes peanut butter and jelly sandwiches for lunch. We can conclude that for Joe the cross elasticity of demand for peanut butter with respect to jelly is
 
  A) positive because jelly and peanut butter are substitutes.
  B) positive because jelly and peanut butter are complements.
  C) negative because jelly and peanut butter are substitutes.
  D) negative because jelly and peanut butter are complements.

Question 2

Based on the data in the table above, in the adjustment towards the long-run equilibrium
 
  A) money wage rates will rise.
  B) the aggregate demand curve will shift leftward.
  C) the short-run aggregate supply curve will shift leftward.
  D) the short-run aggregate supply curve will shift rightward.


amit

  • Sr. Member
  • ****
  • Posts: 364
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Intramuscular drug administration: (a) cross section of skin showing depth of needle insertion Intramuscular drug administration: (a) cross section of skin showing depth of needle insertion
Cross-section view of the human eye. Cross-section view of the human eye.
Lady, cross-eyed Lady, cross-eyed
Analysis of a dihybrid cross involving two traits. Each trait is analyzed separately, then the frequ Analysis of a dihybrid cross involving two traits. Each trait is analyzed separately, then the frequ
Progeny Vs Cross Progeny Vs Cross
Cross-regulatory interactions among gap genes Cross-regulatory interactions among gap genes
Video: Epidural Hematoma

For a complete list of videos, visit our video library