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 69 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?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

A phage cross made by doubly infecting the host cell with parental phages A phage cross made by doubly infecting the host cell with parental phages
Cross section of heart with pacemaker leads Cross section of heart with pacemaker leads
Cross Section of a Synapse Cross Section of a Synapse
When teenagers live in single-parent homes, a good relationship with grandparents is related to ... When teenagers live in single-parent homes, a good relationship with grandparents is related to ...
A radiator may be either a down-flow or a cross-flow type. A radiator may be either a down-flow or a cross-flow type.
Oatmeal and other whole grain cereals are good sources of carbohydrates to start your morning off Oatmeal and other whole grain cereals are good sources of carbohydrates to start your morning off
Video: Cognitive development by Piaget (Preoperational stage or intelligence)

For a complete list of videos, visit our video library