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

Author Question: If tea and coffee are substitutes, the cross elasticity of coffee with respect to the price of tea ... (Read 112 times)

809779

  • Hero Member
  • *****
  • Posts: 579
on: Jun 29, 2018
If tea and coffee are substitutes, the cross elasticity of coffee with respect to the price of tea will be ________ and an increase in the price of tea will ________ the demand for coffee.
 
  A) positive; increase
  B) negative; decrease
  C) negative; increase
  D) positive; decrease

Question 2

The table above shows Mary's utility from chips and soda. The table shows that Mary has diminishing marginal utility for
 
  A) both chips and soda.
  B) neither chips nor soda.
  C) soda, but not chips.
  D) chips, but not soda.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

johnpizzaz

  • Sr. Member
  • ****
  • Posts: 345
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

A


809779

  • Member
  • Posts: 579
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

blakcmamba

  • Member
  • Posts: 335
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Meningocele. (a) A meningocele is a herniation of the meninges, usually associated with the spinal c Meningocele. (a) A meningocele is a herniation of the meninges, usually associated with the spinal c
Cross section of the wrist showing tendons and nerves involved in carpal tunnel syndrome. Cross section of the wrist showing tendons and nerves involved in carpal tunnel syndrome.
The cross-linking reaction in peptidoglycan synthesis (left) and inhibition of the transpeptidase The cross-linking reaction in peptidoglycan synthesis (left) and inhibition of the transpeptidase
The Impact of Cross-Ethnic Friendships on Minority Students’ Well-Being The Impact of Cross-Ethnic Friendships on Minority Students’ Well-Being
A Punnett square generating the F2 ratio of the F1 x F1 cross A Punnett square generating the F2 ratio of the F1 x F1 cross
The retail price of a packaged CD is $60.00, which includes a tax of 4%. What is the actual ... The retail price of a packaged CD is $60.00, which includes a tax of 4%. What is the actual ...
Video: Alternative Energy Sources

For a complete list of videos, visit our video library