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Author Question: Consider the following pairs of items: a. shampoo and conditioner b. iPhones and earbuds c. a ... (Read 63 times)

nummyann

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on: Jun 29, 2018
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
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
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mammy1697

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


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