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

Author Question: Microsoft raises the price of its Office software by 10 percent. As a result, the quantity of ... (Read 59 times)

Alygatorr01285

  • Hero Member
  • *****
  • Posts: 564
on: Jun 29, 2018
Microsoft raises the price of its Office software by 10 percent. As a result, the quantity of personal computers demanded at the current price decreases by 5 percent.
 
  What is the cross elasticity of demand for personal computers with respect to the price of Microsoft Office software? A) -2.0
  B) -0.5
  C) 0.5
  D) 2.0

Question 2

The more ________, the larger is the amount of the tax on the good that the ________ pays.
 
  A) elastic the demand for a good; buyers
  B) inelastic the demand for a good; buyers
  C) inelastic the supply of a good; buyers
  D) elastic the supply of a good; sellers


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

vish98

  • Sr. Member
  • ****
  • Posts: 326
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


Alygatorr01285

  • Member
  • Posts: 564
Reply 2 on: Jun 29, 2018
:D TYSM

lcapri7

  • Member
  • Posts: 350
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

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?

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.

Office Space Office Space
Booker T. Washington in his office at Tuskegee Institute, 1900. Washington chose a policy of accommo Booker T. Washington in his office at Tuskegee Institute, 1900. Washington chose a policy of accommo
A typical office file room. (Paper medical records are rapidly being replaced by electronic ... A typical office file room. (Paper medical records are rapidly being replaced by electronic ...
Every medical office should keep emergency supplies in a waterproof container. Every medical office should keep emergency supplies in a waterproof container.
How to solve simple percent word problems (Part 1) How to solve simple percent word problems (Part 1)
Exploring Microsoft Office 2010, Volume 1 (2nd Edition) 2nd Edition Exploring Microsoft Office 2010, Volume 1 (2nd Edition) 2nd Edition
Video: Net filtration pressure and lymph formation, edema & blood velocity

For a complete list of videos, visit our video library