« previous next »

Author Question: Which of the following statements is true of the cross-price elasticity of demand? A) The ... (Read 57 times)

dollx

  • Hero Member
  • *****
  • Posts: 558
on: Jun 29, 2018
Which of the following statements is true of the cross-price elasticity of demand?
 
  A) The cross-price elasticity of demand between substitutes is zero.
  B) The cross-price elasticity of demand between complements is zero.
  C) The cross-price elasticity of demand between substitutes is negative.
  D) The cross-price elasticity of demand between complements is negative.

Question 2

An increase in the minimum wage for unskilled labor tends to
 
  A) generate unemployment among unskilled laborers.
  B) increase the quantity supplied of unskilled laborers.
  C) decrease the quantity demanded for unskilled laborers.
  D) encourage employers to seek substitutes for unskilled labor.
  E) accomplish all of the above.


joechoochoy

  • Sr. Member
  • ****
  • Posts: 306
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

E


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Did you know?

Every flu season is different, and even healthy people can get extremely sick from the flu, as well as spread it to others. The flu season can begin as early as October and last as late as May. Every person over six months of age should get an annual flu vaccine. The vaccine cannot cause you to get influenza, but in some seasons, may not be completely able to prevent you from acquiring influenza due to changes in causative viruses. The viruses in the flu shot are killed—there is no way they can give you the flu. Minor side effects include soreness, redness, or swelling where the shot was given. It is possible to develop a slight fever, and body aches, but these are simply signs that the body is responding to the vaccine and making itself ready to fight off the influenza virus should you come in contact with it.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Lateral View of the human brain in cross section Lateral View of the human brain in cross section
True Forget-Me-Not True Forget-Me-Not
A recruiting poster for the “True Sons of Freedom” encouraged African Americans to enlist. In fact, A recruiting poster for the “True Sons of Freedom” encouraged African Americans to enlist. In fact,
A schematic cross section of the spinal cord and the dorsal and ventral roots. A schematic cross section of the spinal cord and the dorsal and ventral roots.
How to convert verbal statements into algebraic equations (Part 1) How to convert verbal statements into algebraic equations (Part 1)
Distribution of F1 and F2 Progeny Derived from a Theoretical Cross Involving Tomatoes Distribution of F1 and F2 Progeny Derived from a Theoretical Cross Involving Tomatoes
Video: Virtual Tour of the Eye Animation

For a complete list of videos, visit our video library