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

Author Question: If tea and coffee are substitutes, the cross elasticity of coffee with respect to the price of tea ... (Read 41 times)

809779

  • Hero Member
  • *****
  • Posts: 579
on: Jun 29, 2018
If tea and coffee are substitutes, the cross elasticity of coffee with respect to the price of tea will be ________ and an increase in the price of tea will ________ the demand for coffee.
 
  A) positive; increase
  B) negative; decrease
  C) negative; increase
  D) positive; decrease

Question 2

The table above shows Mary's utility from chips and soda. The table shows that Mary has diminishing marginal utility for
 
  A) both chips and soda.
  B) neither chips nor soda.
  C) soda, but not chips.
  D) chips, but not soda.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

johnpizzaz

  • Sr. Member
  • ****
  • Posts: 345
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

A


809779

  • Member
  • Posts: 579
Reply 2 on: Jun 29, 2018
Wow, this really help

ryansturges

  • Member
  • Posts: 338
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

Multiple experimental evidences have confirmed that at the molecular level, cancer is caused by lesions in cellular DNA.

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

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.
Real Price of Oil, 1861–2010 Real Price of Oil, 1861–2010
An organizational specialist is hired as a consultant to a company planning to open a coffee ... An organizational specialist is hired as a consultant to a company planning to open a coffee ...
How humans maintain homeostasis with respect to water and ions How humans maintain homeostasis with respect to water and ions
Refer to Scenario 3.1. If the price of potato chips is $0.50 and the price of Cola is $4.00, ... Refer to Scenario 3.1. If the price of potato chips is $0.50 and the price of Cola is $4.00, ...
Cross-section of the spinal cord Cross-section of the spinal cord
Video: Types of disease resistance: innate defenses & immunity

For a complete list of videos, visit our video library