This topic contains a solution. Click here to go to the answer

Author Question: The cross-price elasticity of demand measures the A) percentage change in the quantity demanded ... (Read 150 times)

rl

  • Hero Member
  • *****
  • Posts: 579
The cross-price elasticity of demand measures the
 
  A) percentage change in the quantity demanded of one good in one location divided by the price of the same good in another location.
  B) absolute change in the quantity demanded of one good divided by the absolute change in the price of another good.
  C) percentage change in the quantity demanded of one good divided by the percentage change in the price of another good.
  D) percentage change in the price of one good divided by the percentage change in the quantity demanded of another good.

Question 2

What is voluntary exchange?
 
  What will be an ideal response?



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

xMRAZ

  • Sr. Member
  • ****
  • Posts: 363
Answer to Question 1

C

Answer to Question 2

Voluntary exchange is a situation that occurs in markets when both the buyer and seller of a product are made better off by the transaction.




rl

  • Member
  • Posts: 579
Reply 2 on: Jun 29, 2018
Gracias!


Sarahjh

  • Member
  • Posts: 370
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Did you know?

Cyanide works by making the human body unable to use oxygen.

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

For a complete list of videos, visit our video library