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

Author Question: A 10 percent decrease in the price of a Pepsi decreases the demand for a Coca-Cola by 50 percent. ... (Read 287 times)

asan beg

  • Hero Member
  • *****
  • Posts: 570
on: Jun 29, 2018
A 10 percent decrease in the price of a Pepsi decreases the demand for a Coca-Cola by 50 percent. The cross elasticity of demand between a Pepsi and Coca-Cola is
 
  A) 50.
  B) 10.
  C) 5.
  D) 0.20.

Question 2

The demand for labor depends on I. technology. II. the prices of other factors of production. III. the price of the product.
 
  A) I and II
  B) II and III
  C) I and III
  D) I, II and III


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

voltaire123

  • Sr. Member
  • ****
  • Posts: 301
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

D


asan beg

  • Member
  • Posts: 570
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

elyse44

  • Member
  • Posts: 319
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Independent assortment produces 50 percent recombinants Independent assortment produces 50 percent recombinants
Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896 Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896
Ai Weiwei, Han Dynasty Urn with Coca-Cola Logo. Ai Weiwei, Han Dynasty Urn with Coca-Cola Logo.
Contact theory indicates that prejudice decreases and relations improve when individuals of ... Contact theory indicates that prejudice decreases and relations improve when individuals of ...
How to create a price index to calculate inflation for a basket of goods How to create a price index to calculate inflation for a basket of goods
The introduction of a new generation of electric and hybrid cars will reduce the demand for oil The introduction of a new generation of electric and hybrid cars will reduce the demand for oil
Video: Role of transport in a cell

For a complete list of videos, visit our video library