Author Question: Chicken and fish are substitutes. Therefore, the cross elasticity of demand between chicken and fish ... (Read 88 times)

jon_i · **on:** Jun 30, 2018

Chicken and fish are substitutes. Therefore, the cross elasticity of demand between chicken and fish should be:
a. negative.
b. positive.
c. zero.
d. All of the above are possible.

Question 2

If there is currently an inflationary gap in the economy the Fed could work toward recovery through an open market sale of government securities.
a. True
b. False
Indicate whether the statement is true or false