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Author Question: The cross-price elasticity of demand for coffee and tea is likely to be A) greater than zero. B) ... (Read 40 times)

CharlieWard

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on: Jul 1, 2018
The cross-price elasticity of demand for coffee and tea is likely to be
 
  A) greater than zero.
  B) less than zero.
  C) zero.
  D) infinity.

Question 2

If a firm is able to set price,
 
  A) it is a monopoly.
  B) its marginal revenue is constant.
  C) it sells its output at a constant price.
  D) it faces a downward-sloping demand curve.


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ririgirl15

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Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

D


CharlieWard

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Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

amcvicar

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

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