« previous next »

Author Question: A negative value for the cross elasticity of demand between two goods indicates that A) the goods ... (Read 45 times)

KWilfred

  • Hero Member
  • *****
  • Posts: 570
on: Jun 29, 2018
A negative value for the cross elasticity of demand between two goods indicates that
 
  A) the goods are complements.
  B) the goods are substitutes.
  C) one of the goods is normal and the other is inferior.
  D) each good is price inelastic.

Question 2

The amount of a tax paid by the buyers will be smaller the
 
  A) more elastic the demand and the more inelastic the supply.
  B) more inelastic the demand and the more elastic the supply.
  C) more inelastic are both the supply and demand.
  D) more elastic are both the supply and demand.


jjorrostieta

  • Sr. Member
  • ****
  • Posts: 298
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

KWilfred

  • Hero Member
  • *****
  • Posts: 570
Reply #2 on: Jun 29, 2018
Correct answers!


jjorrostieta

  • Sr. Member
  • ****
  • Posts: 298
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Negative control of an inducible set of genes: function of the lac repressor in regulating the lac o Negative control of an inducible set of genes: function of the lac repressor in regulating the lac o
Cross-section of wrist showing tendons and nerves involved in carpal tunnel syndrome. Cross-section of wrist showing tendons and nerves involved in carpal tunnel syndrome.
Cross section of the right forearm Cross section of the right forearm
A Negative Afterimage A Negative Afterimage
Environment of tRNAs at the ribosome as determined by cross-linking Environment of tRNAs at the ribosome as determined by cross-linking
Negative Feedback Regulation of BP Negative Feedback Regulation of BP
Video: HDL (high density lipoprotein)

For a complete list of videos, visit our video library