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Author Question: Suppose the manager of a store wants to know whether the product of the store across the street is a ... (Read 42 times)

JMatthes

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on: Jun 30, 2018
Suppose the manager of a store wants to know whether the product of the store across the street is a substitute for her product. In other words, she would need to know if the _____ for the products is positive.
 a. cross-price elasticity of demand
  b. price elasticity of demand
  c. income elasticity of demand
  d. price elasticity of supply
  e. cross-price elasticity of supply

Question 2

Economic profit always exceeds accounting profit.
 a. True
  b. False
  Indicate whether the statement is true or false


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xoxo123

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Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

False


JMatthes

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Reply 2 on: Jun 30, 2018
Excellent

31809pancho

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Reply 3 on: Yesterday
:D TYSM

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