Author Question: A rise in the price of good A shifts the ________ good B rightward if the cross elasticity of demand ... (Read 168 times)

Arii_bell

  • Hero Member
  • *****
  • Posts: 596
A rise in the price of good A shifts the ________ good B rightward if the cross elasticity of demand between A and B is ________.
 
  A) demand curve for; negative
  B) demand curve for; positive
  C) supply curve of; negative
  D) supply curve of; positive

Question 2

If the price of one good increases by 3 percent and the quantity demanded of another good increases by 2 percent, the cross elasticity is ________ and the two goods are ________.
 
  A) 2/3, substitutes
  B) 2/3, complements
  C) 3/2, complements
  D) 3/2, substitutes



ankilker

  • Sr. Member
  • ****
  • Posts: 328
Answer to Question 1

B

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

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?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

For a complete list of videos, visit our video library