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Author Question: The cross elasticity of demand for good A with respect to good B is 0.2 . A 10 percent change in the ... (Read 32 times)

student77

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on: Jun 29, 2018
The cross elasticity of demand for good A with respect to good B is 0.2 . A 10 percent change in the price of good B will lead to a ____ percent change in the quantity of good A demanded. Goods A and B are _______.
 
  A. 2; substitutes
  B. 0.5; complements
  C. 2; complements
  D. 0.5; substitutes

Question 2

A supermarket manager discovers that his generic brand beans are disappearing off of his shelves faster than he can restock them and the premium brand beans are staying on the shelf going unsold.
 
  What can we probably say about the current prices of each of these products in relation to the market-clearing price?
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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jointhecircus

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Reply #1 on: Jun 29, 2018
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.
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student77

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

peter

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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