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 212 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
YES! Correct, THANKS for helping me on my review

dyrone

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Cross-Section of a Banana Under a Microscope Cross-Section of a Banana Under a Microscope
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.
Cross-Cutting Relationships Cross-Cutting Relationships
A cross section of muscle showing the molecular organization within the muscle fiber. In normal musc A cross section of muscle showing the molecular organization within the muscle fiber. In normal musc
Progeny Vs Cross Progeny Vs Cross
Video: Arthroscopy

For a complete list of videos, visit our video library