This topic contains a solution. Click here to go to the answer

Author Question: Substitutes are pairs of goods that have a positive cross-price elasticity of demand. a. True b. ... (Read 41 times)

dejastew

  • Hero Member
  • *****
  • Posts: 562
Substitutes are pairs of goods that have a positive cross-price elasticity of demand.
 a. True
  b. False

Question 2

If its value of cross-price elasticity is negative, a good must be a necessity.
 a. True
  b. False



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mrphibs

  • Sr. Member
  • ****
  • Posts: 307
Answer to Question 1

A

Answer to Question 2

B




dejastew

  • Member
  • Posts: 562
Reply 2 on: Jul 1, 2018
Excellent


bimper21

  • Member
  • Posts: 309
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

For a complete list of videos, visit our video library