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Author Question: If price of product A increases by 10, and the quantity demanded for product B drops by 50, then the ... (Read 84 times)

penza

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on: Jul 1, 2018
If price of product A increases by 10, and the quantity demanded for product B drops by 50, then the cross price elasticity of the quantity of product A with respect to price of product B is
 
  A) 5.
  B) -5.
  C) 0.2.
  D) -0.2.

Question 2

Consumers who put a high value on a service
 
  A) are better off with perfect price discrimination.
  B) are better off under a single-price monopoly.
  C) are indifferent between perfect price discrimination and a single-price monopoly.
  D) incur deadweight loss under either single-price monopoly or perfect price discrimination.


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asdfasdf

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

B

Answer to Question 2

B


penza

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Reply 2 on: Jul 1, 2018
Gracias!

miss.ashley

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Reply 3 on: Yesterday
:D TYSM

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