This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What does the cross-price elasticity of demand measure? How is it calculated? What will be an ... (Read 60 times)

RRMR

  • Hero Member
  • *****
  • Posts: 557
on: Jun 29, 2018
What does the cross-price elasticity of demand measure? How is it calculated?
 
  What will be an ideal response?

Question 2

Organizing a successful firm in a market economy has become ________ over the last century.
 
  A) politically impossible B) less difficult
  C) legally impossible D) more difficult


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

underwood14

  • Sr. Member
  • ****
  • Posts: 346
Reply #1 on: Jun 29, 2018
Answer to Question 1

The cross-price elasticity of demand measures the responsiveness of the quantity of one good demanded to changes in the price of another good. It is calculated by dividing the percentage change in quantity of good Y demanded by the percentage change in the price of good X.

Answer to Question 2

D


RRMR

  • Member
  • Posts: 557
Reply 2 on: Jun 29, 2018
:D TYSM

xiazhe

  • Member
  • Posts: 331
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Did you know?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Lateral Cross Section of the Nose Lateral Cross Section of the Nose
Cross section of Nasal Cavity Cross section of Nasal Cavity
Using the voltmeter leads from a starting and charging test unit to measure the voltage drop ... Using the voltmeter leads from a starting and charging test unit to measure the voltage drop ...
Cross-arm stretch with head in forward flexion. With your arms crossed, place one hand on each ... Cross-arm stretch with head in forward flexion. With your arms crossed, place one hand on each ...
Hold baby’s hands and (A) cross arms over chest and then (B) open out to the sides. Repeat several ... Hold baby’s hands and (A) cross arms over chest and then (B) open out to the sides. Repeat several ...
Suppose a country imports televisions. The country's supply and demand curves are shown in ... Suppose a country imports televisions. The country's supply and demand curves are shown in ...
Video: How to find out if a population is evolving?

For a complete list of videos, visit our video library