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Author Question: In order to prove that Motrin and Ibuprofen are substitutes, one should measure the ________ and get ... (Read 69 times)

OSWALD

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In order to prove that Motrin and Ibuprofen are substitutes, one should measure the ________ and get a ________.
 
  A) price elasticity of demand; number greater than 1 (in absolute value)
  B) cross-price elasticity; positive number
  C) cross-price elasticity; negative number
  D) price elasticity of demand; number less than 1 (in absolute value)

Question 2

Common resources differ from public goods in that
 
  A) common resources are resources that cannot be renewed but the production of public goods can be increased any time.
  B) common resources are collectively owned by a group of people while public goods are government owned.
  C) unlike public goods, common resources are rival in consumption.
  D) common resources are non-excludable while public goods are excludable to those who do not pay for the good.


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Kdiggy

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OSWALD

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it


laurnthompson

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Reply 3 on: Yesterday
Wow, this really help

 

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