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Author Question: The cross price elasticity of demand for a good x is the percentage change in the quantity demanded ... (Read 54 times)

Engineer

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on: Jul 1, 2018
The cross price elasticity of demand for a good x is the percentage change in the quantity demanded of good x in response to a given percentage change in
 
  A) income.
  B) the price of good x.
  C) the price of good y.
  D) the quantity demanded of good y.

Question 2

How will a decrease in price affect a firm's revenues?
 
  A) It depends on the price elasticity of demand.
  B) Revenues will stay the same.
  C) Revenues will decrease.
  D) Revenues will increase.
Microeconomics ¦ Perloff ¦ 8th Edition
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bitingbit

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Reply #1 on: Jul 1, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Engineer

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

triiciiaa

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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