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

Author Question: Which of these measures the responsiveness of the quantity of one good demanded to an increase in ... (Read 56 times)

go.lag

  • Hero Member
  • *****
  • Posts: 667
on: Jul 1, 2018
Which of these measures the responsiveness of the quantity of one good demanded to an increase in the price of another good?
 
  A) price elasticity.
  B) income elasticity.
  C) cross-price elasticity.
  D) cross substitution elasticity.

Question 2

Due to externalities generated by home landscaping, its price
 
  A) is above the optimal level, and quantity that is below the optimal level.
  B) is below the optimal level, and quantity that is above the optimal level.
  C) and quantity traded are both above the optimal level.
  D) and quantity traded are both below the optimal level.
  E) must fall in order for the market to reach equilibrium.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

aadams68

  • Sr. Member
  • ****
  • Posts: 317
Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

D


go.lag

  • Member
  • Posts: 667
Reply 2 on: Jul 1, 2018
Excellent

carlsona147

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Cellular mechanisms that increase protein diversity Cellular mechanisms that increase protein diversity
Booker T. Washington in his office at Tuskegee Institute, 1900. Washington chose a policy of accommo Booker T. Washington in his office at Tuskegee Institute, 1900. Washington chose a policy of accommo
To help make good electrical contact with the terminals without doing any harm, select the ... To help make good electrical contact with the terminals without doing any harm, select the ...
A good disinfecting solution you can make yourself consists of 1 part bleach to 10 parts water. A good disinfecting solution you can make yourself consists of 1 part bleach to 10 parts water.
Greenhouse gases increase in the stratosphere Greenhouse gases increase in the stratosphere
Rice noodles are a good gluten-free substitute for pasta Rice noodles are a good gluten-free substitute for pasta
Video: Mechanism of enzyme action

For a complete list of videos, visit our video library