Consider the following pairs of items:
a. shampoo and conditioner
b. iPhones and earbuds
c. a laptop computer and a desktop computer
d. beef and pork
e. air-travel and weed killer
Which of the pairs listed will have a negative cross-price elasticity?
A) a and b only B) c and d only C) e only D) a, b, and c only
Question 2
Which of the following contributed to the downfall of the Soviet Union in 1991?
A) the lack of a strong dictator who could coordinate economic activities
B) an overabundance of high-quality goods and services
C) an inability to produce low-cost consumer goods that households wanted
D) government dissatisfaction with high living standards and political freedom
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