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 33 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
Thanks for the timely response, appreciate it

tanna.moeller

  • Member
  • Posts: 328
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

A William Jennings Bryan poster alludes to religion: “no crown of thorns” and no “cross of gold.” Br A William Jennings Bryan poster alludes to religion: “no crown of thorns” and no “cross of gold.” Br
Cross page from the Lindisfarne Gospels. Cross page from the Lindisfarne Gospels.
Calipers being used to measure body fat on the triceps of a patient. Calipers being used to measure body fat on the triceps of a patient.
Thread pitch gauge used to measure the pitch of the thread. This bolt has 13 threads to the inch. Thread pitch gauge used to measure the pitch of the thread. This bolt has 13 threads to the inch.
Goniometer measure of joint range of motion Goniometer measure of joint range of motion
The monohybrid cross between tall (D) and dwarf (d) pea plants The monohybrid cross between tall (D) and dwarf (d) pea plants
Video: Asthma Treatment

For a complete list of videos, visit our video library