Author Question: A negative value for the cross elasticity of demand between two goods indicates that A) the goods ... (Read 81 times)

KWilfred

  • Hero Member
  • *****
  • Posts: 570
A negative value for the cross elasticity of demand between two goods indicates that
 
  A) the goods are complements.
  B) the goods are substitutes.
  C) one of the goods is normal and the other is inferior.
  D) each good is price inelastic.

Question 2

The amount of a tax paid by the buyers will be smaller the
 
  A) more elastic the demand and the more inelastic the supply.
  B) more inelastic the demand and the more elastic the supply.
  C) more inelastic are both the supply and demand.
  D) more elastic are both the supply and demand.



jjorrostieta

  • Sr. Member
  • ****
  • Posts: 298
Answer to Question 1

A

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

For a complete list of videos, visit our video library