Author Question: In order to prove that Coca Cola and 7-Up are substitutes, one should test the __________ and get a ... (Read 59 times)

cartlidgeashley

  • Hero Member
  • *****
  • Posts: 572
In order to prove that Coca Cola and 7-Up are substitutes, one should test the __________ and get a __________.
 a. price elasticity of demand; number less than negative 1
  b. income elasticity; positive number
  c. cross-price elasticity; negative number
  d. price elasticity of demand; number greater than negative 1
  e. cross-price elasticity; positive number

Question 2

Computers and software programs are
 a. inferior goods
  b. complementary goods
  c. goods with a cross-price elasticity of demand of 0
  d. substitute goods
  e. perfectly elastic goods



succesfull

  • Sr. Member
  • ****
  • Posts: 339
Answer to Question 1

E

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Did you know?

Everyone has one nostril that is larger than the other.

Did you know?

No drugs are available to relieve parathyroid disease. Parathyroid disease is caused by a parathyroid tumor, and it needs to be removed by surgery.

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

For a complete list of videos, visit our video library