« previous next »

Author Question: The cross-elasticity of demand between Homer's Holesome Doughnuts and Krusty's Krispy Crullers is ... (Read 174 times)

CharlieWard

  • Hero Member
  • *****
  • Posts: 578
on: Jun 29, 2018
The cross-elasticity of demand between Homer's Holesome Doughnuts and Krusty's Krispy Crullers is 5.0, which indicates that Homer's doughnuts and Krusty's crullers are
 
  A) complements and the relationship between the two goods is strong (that is, the quantity demanded of doughnuts is very responsive to changes in the price of crullers).
  B) complements and the relationship between the two goods is weak (that is, the quantity demanded of doughnuts is not very responsive to changes in the price of crullers).
  C) substitutes and the relationship between the two goods is strong (that is, the quantity demanded of doughnuts is very responsive to changes in the price of crullers).
  D) substitutes and the relationship between the two goods is weak (that is, the quantity demanded of doughnuts is not very responsive to changes in the price of crullers).

Question 2

If the government sector is running a deficit of 120 million and the private sector is running a surplus of 200 million, then net exports equal
 
  A) 80 million surplus.
  B) 320 million surplus.
  C) 80 million deficit.
  D) 320 million deficit.


medine

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Phenotypic ratios in progeny reveal the type of cross Phenotypic ratios in progeny reveal the type of cross
Dopamine cannot cross the blood–brain barrier. Levodopa, its precursor, can. Once levodopa crosses ... Dopamine cannot cross the blood–brain barrier. Levodopa, its precursor, can. Once levodopa crosses ...
Cross section of peritoneum with related organs and structures. Cross section of peritoneum with related organs and structures.
The Do's and Don'ts of Cross-Contamination The Do's and Don'ts of Cross-Contamination
Results of a cross involving two genes located on the same chromosome Results of a cross involving two genes located on the same chromosome
Cross-section through a Femur Cross-section through a Femur
Video: Insulin (glucose uptake by body cells), glycogenesis and lipogenesis

For a complete list of videos, visit our video library