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

Author Question: If the cross-price elasticity of demand between two goods is positive, then a. consumers are being ... (Read 201 times)

sabina

  • Hero Member
  • *****
  • Posts: 563
on: Jul 1, 2018
If the cross-price elasticity of demand between two goods is positive, then
 a. consumers are being irrational
  b. supply is elastic
  c. the goods may have similar uses
  d. the goods may go well together in consumption
  e. one good must be a necessity

Question 2

If an increase in the price of peanut butter causes a decline in the demand for jelly, then
 a. the goods are substitutes
  b. jelly is an inferior good
  c. the goods are complements
  d. both goods are inelastic
  e. peanut butter is an inferior good


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Jbrasil

  • Sr. Member
  • ****
  • Posts: 337
Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

C


sabina

  • Member
  • Posts: 563
Reply 2 on: Jul 1, 2018
Gracias!

nanny

  • Member
  • Posts: 313
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

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?

Green tea is able to stop the scent of garlic or onion from causing bad breath.

Positive ring precipitin test. Positive ring precipitin test.
Ecosystem goods and services and monetary values Ecosystem goods and services and monetary values
The growth in demand for energy use is met by burning fossil fuels The growth in demand for energy use is met by burning fossil fuels
Cross Section of a Hurricane Cross Section of a Hurricane
Progeny Vs Cross Progeny Vs Cross
Results of a cross involving two genes located on the same chromosome Results of a cross involving two genes located on the same chromosome
Video: Introduction to Sleep Apnea

For a complete list of videos, visit our video library