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Author Question: If two goods are substitutes, the cross-price elasticity of demand must be A) negative. B) ... (Read 61 times)

newbem

  • Hero Member
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  • Posts: 579
on: Jul 1, 2018
If two goods are substitutes, the cross-price elasticity of demand must be
 
  A) negative.
  B) positive.
  C) zero.
  D) infinite.

Question 2

In a competitive labor market, with one variable factor, the supply of labor to the firm is
 
  A) equal to the marginal expenditure curve.
  B) equal to the demand curve for labor.
  C) greater than the marginal expenditure curve.
  D) equal to the marginal revenue product curve.


verrinzo

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  • Posts: 346
Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

A


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