Author Question: If peanut butter and jelly are complements, then their cross elasticity of demand must be A) ... (Read 137 times)

nautica902

  • Hero Member
  • *****
  • Posts: 591
If peanut butter and jelly are complements, then their cross elasticity of demand must be
 
  A) infinitely high.
  B) a positive number that might be greater than 1.
  C) a number between zero and one.
  D) a negative number.

Question 2

If the price of gasoline increases and the price of food remains the same, then real income measured in terms of
 
  A) gasoline increases.
  B) gasoline decreases.
  C) food increases.
  D) food decreases.



kaillie

  • Sr. Member
  • ****
  • Posts: 326
Answer to Question 1

D

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

For a complete list of videos, visit our video library