If price of product A increases by 10, and the quantity demanded ...

[penza]

If price of product A increases by 10, and the quantity demanded for product B drops by 50, then the cross price elasticity of the quantity of product A with respect to price of product B is
 
  A) 5.
  B) -5.
  C) 0.2.
  D) -0.2.

Question 2

Consumers who put a high value on a service
 
  A) are better off with perfect price discrimination.
  B) are better off under a single-price monopoly.
  C) are indifferent between perfect price discrimination and a single-price monopoly.
  D) incur deadweight loss under either single-price monopoly or perfect price discrimination.

[asdfasdf]

Answer to Question 1

B

Answer to Question 2

B

[penza]

Great answer, keep it coming

[elyse44]

Thanks for the timely response, appreciate it