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Author Question: A negative value for the cross elasticity of demand between two goods indicates that A) the goods ... (Read 46 times)

KWilfred

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on: Jun 29, 2018
A negative value for the cross elasticity of demand between two goods indicates that
 
  A) the goods are complements.
  B) the goods are substitutes.
  C) one of the goods is normal and the other is inferior.
  D) each good is price inelastic.

Question 2

The amount of a tax paid by the buyers will be smaller the
 
  A) more elastic the demand and the more inelastic the supply.
  B) more inelastic the demand and the more elastic the supply.
  C) more inelastic are both the supply and demand.
  D) more elastic are both the supply and demand.


jjorrostieta

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

A


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KWilfred

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Reply #2 on: Jun 29, 2018
Correct answers!


jjorrostieta

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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