Author Question: A rise in the price of good A shifts the ________ good B rightward if the cross elasticity of demand ... (Read 233 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?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

For a complete list of videos, visit our video library