Author Question: If peanut butter and jelly are complements, then their cross elasticity of demand must be A) ... (Read 157 times)

nautica902

  • Hero Member
  • *****
  • Posts: 591
If peanut butter and jelly are complements, then their cross elasticity of demand must be
 
  A) infinitely high.
  B) a positive number that might be greater than 1.
  C) a number between zero and one.
  D) a negative number.

Question 2

If the price of gasoline increases and the price of food remains the same, then real income measured in terms of
 
  A) gasoline increases.
  B) gasoline decreases.
  C) food increases.
  D) food decreases.



kaillie

  • Sr. Member
  • ****
  • Posts: 326
Answer to Question 1

D

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

The FDA recognizes 118 routes of administration.

For a complete list of videos, visit our video library