[Answered] If the cross elasticity of demand between goods X and Y is positive and between goods X and Z is ...

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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 101 times)

amal

Hero Member
Posts: 572

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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Marked as best answer by a Subject Expert

yeungji

Sr. Member
Posts: 319

Reply #1 on: Jun 29, 2018

Answer to Question 1

C

Answer to Question 2

B

amal

Member
Posts: 572

Reply 2 on: Jun 29, 2018

Excellent

cpetit11

Member
Posts: 321

Reply 3 on: Yesterday

Gracias!

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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 101 times)

amal

If the cross elasticity of demand between goods X and Y is positive and between goods X and Z is ...

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Need homework help now?

yeungji

If the cross elasticity of demand between goods X and Y is positive and between goods X and Z is ...

amal

cpetit11