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Author Question: If two goods both had negative cross elasticities and negative income elasticities, a. they are ... (Read 115 times)

Mr.Thesaxman

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on: Jun 30, 2018
If two goods both had negative cross elasticities and negative income elasticities,
 a. they are both normal and substitutes for one another.
  b. they are both normal and complements for one another.
  c. they are both inferior and substitutes for one another.
  d. they are both inferior and complements for one another.

Question 2

Which of the following is a definition of velocity?
 a. Velocity = value of final goods and services produced/money supply
  b. Velocity = real GDP/M
 c. Velocity = nominal GDP/real GDP
 d. Velocity = (P Q)/(M V)


CAPTAINAMERICA

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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

a


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