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Author Question: If the cross elasticity of demand between goods X and Y is positive and between goods X and Z is ... (Read 92 times)

amal

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on: Jun 29, 2018
If the cross elasticity of demand between goods X and Y is positive and between goods X and Z is negative, then X and Y are ________ and X and Z are ________.
 
  A) price inelastic; complements
  B) complements; substitutes
  C) substitutes; complements
  D) price inelastic; income elastic

Question 2

In the above figure, the amount of tax revenue is
 
  A) 2,000.
  B) 4,000.
  C) 6,000.
  D) 8,000.


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yeungji

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

C

Answer to Question 2

B


amal

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Reply 2 on: Jun 29, 2018
Gracias!

Jossy

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Reply 3 on: Yesterday
Excellent

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