This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Negative cross-price elasticity of demand indicates that a. the product is an inferior good b. the ... (Read 116 times)

CQXA

  • Hero Member
  • *****
  • Posts: 546
on: Jul 1, 2018
Negative cross-price elasticity of demand indicates that
 a. the product is an inferior good
  b. the product is a necessity
  c. the product is a luxury
  d. the two products are substitutes
  e. the two products are complements

Question 2

Substitutes are pairs of products with
 a. positive cross-price elasticity of demand
  b. negative cross-price elasticity of demand
  c. positive income elasticity of demand
  d. negative income elasticity of demand
  e. positive price elasticity of demand


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Dinolord

  • Sr. Member
  • ****
  • Posts: 313
Reply #1 on: Jul 1, 2018
Answer to Question 1

E

Answer to Question 2

A


CQXA

  • Hero Member
  • *****
  • Posts: 546
Reply #2 on: Jul 1, 2018
Correct answers!


Dinolord

  • Sr. Member
  • ****
  • Posts: 313
Reply #3 on: Jul 1, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Under what conditions can part-time employment in high school be a negative influence on school ... Under what conditions can part-time employment in high school be a negative influence on school ...
How to use the product rule to find the derivative of a function How to use the product rule to find the derivative of a function
Real Price of Oil, 1861–2010 Real Price of Oil, 1861–2010
In order to encourage Canadians to avoid cross border shopping, Walmart Canada is striving to ... In order to encourage Canadians to avoid cross border shopping, Walmart Canada is striving to ...
Dihybrid-cross analysis Dihybrid-cross analysis
The functional role of pRB. The pRB protein product of RB1 The functional role of pRB. The pRB protein product of RB1
Video: Kidney Stones

For a complete list of videos, visit our video library