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

Author Question: When the price of bananas increases by 36%, Nyawira reduces her purchase of peanut butter by 50%. ... (Read 18 times)

kaitlynndavis

  • Full Member
  • ***
  • Posts: 136
on: Nov 23, 2022

Question 1

Other Demand Elasticities

When Aasir gets a 53% raise, he increases his purchase of donuts by 23%. Aasir's income elasticity of demand for donuts is ________. For Aasir, donuts are a ________ (normal/inferior) good. Round your final answer to two decimal places.
◦ 2.3, normal
◦ 0.43, normal
◦ 0.43, inferior
◦ 0, inferior

Question 2

When the price of bananas increases by 36%, Nyawira reduces her purchase of peanut butter by 50%. Nyawira's cross-price elasticity of demand for peanut butter is ________. For Nyawira, peanut butter and bananas are ________ (substitute/compliments). Round your final answer to two decimal places.
◦ -0.72, substitutes
◦ -1.39, substitutes
◦ -1.39, complements
◦ -0.72, complements
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by kaitlynndavis on Nov 23, 2022

SphnxKickin

  • Full Member
  • ***
  • Posts: 165
Reply #1 on: Nov 23, 2022
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.
Answer Preview
Only 39% of students answer this correctly


kaitlynndavis

  • Member
  • Posts: 136
Reply 2 on: Nov 23, 2022
:D TYSM

dreamfighter72

  • Member
  • Posts: 355
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

More than 150,000 Americans killed by cardiovascular disease are younger than the age of 65 years.

Exercise increases the heart rate. Exercise increases the heart rate.
This painting depicts New Orleans in 1803, when the city was acquired—along with much of the modern This painting depicts New Orleans in 1803, when the city was acquired—along with much of the modern
Alan Price - Poor People Alan Price - Poor People
Spirituality increases with age, but there are different patterns for the two genders. Both genders ... Spirituality increases with age, but there are different patterns for the two genders. Both genders ...
Massage reduces muscle tension and promotes relaxation. Massage reduces muscle tension and promotes relaxation.
Clarified butter Clarified butter
Video: Properties of macromolecules (Explained with No Audio)

For a complete list of videos, visit our video library