If two goods are substitutes, the cross-price elasticity of demand must be A) negative. B) ...

Author Question: If two goods are substitutes, the cross-price elasticity of demand must be A) negative. B) ... (Read 28 times)

newbem

Hero Member
Posts: 579

on: Jul 1, 2018

If two goods are substitutes, the cross-price elasticity of demand must be

A) negative.
B) positive.
C) zero.
D) infinite.

Question 2

In a competitive labor market, with one variable factor, the supply of labor to the firm is

A) equal to the marginal expenditure curve.
B) equal to the demand curve for labor.
C) greater than the marginal expenditure curve.
D) equal to the marginal revenue product curve.

verrinzo

Sr. Member
Posts: 346

Reply #1 on: Jul 1, 2018

Answer to Question 1

B

Answer to Question 2

A

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