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 119 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
Wow, this really help


komodo7

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

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?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

For a complete list of videos, visit our video library