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

Author Question: If the cross-price elasticity of demand between two goods is positive, then a. consumers are being ... (Read 199 times)

sabina

  • Hero Member
  • *****
  • Posts: 563
on: Jul 1, 2018
If the cross-price elasticity of demand between two goods is positive, then
 a. consumers are being irrational
  b. supply is elastic
  c. the goods may have similar uses
  d. the goods may go well together in consumption
  e. one good must be a necessity

Question 2

If an increase in the price of peanut butter causes a decline in the demand for jelly, then
 a. the goods are substitutes
  b. jelly is an inferior good
  c. the goods are complements
  d. both goods are inelastic
  e. peanut butter is an inferior good


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Jbrasil

  • Sr. Member
  • ****
  • Posts: 337
Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

C


sabina

  • Member
  • Posts: 563
Reply 2 on: Jul 1, 2018
Gracias!

Mochi

  • Member
  • Posts: 300
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Effect of Perceived Price of a Drug on Placebo Analgesia Effect of Perceived Price of a Drug on Placebo Analgesia
Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ... Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ...
Refer to Scenario 3.1. If the price of potato chips is $0.50 and the price of Cola is $4.00, ... Refer to Scenario 3.1. If the price of potato chips is $0.50 and the price of Cola is $4.00, ...
Cross-regulatory interactions among gap genes Cross-regulatory interactions among gap genes
Cross-regulatory interactions between bithorax complex genes Cross-regulatory interactions between bithorax complex genes
Offspring of Mendel's Monohybrid Cross Offspring of Mendel's Monohybrid Cross
Video: Glycolysis Animation

For a complete list of videos, visit our video library