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 74 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
Excellent

bigcheese9

  • Member
  • Posts: 333
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

Exercise increases the heart rate. Exercise increases the heart rate.
Trans-fat in Peanut Butter Trans-fat in Peanut Butter
Weak valve springs will produce a normal reading at idle, but as engine speed increases, the needle ... Weak valve springs will produce a normal reading at idle, but as engine speed increases, the needle ...
Peanut Butter Bread Peanut Butter Bread
Peanut Butter Breakfast Peanut Butter Breakfast
An antique painting is purchased in 1980 for $995. The value increases by 3.1% e An antique painting is purchased in 1980 for $995. The value increases by 3.1% e
Video: Natural Selection, Species Isolation and Real World Example

For a complete list of videos, visit our video library