« previous next »

Author Question: The cross elasticity of demand between apples and oranges is defined as the A) percentage change ... (Read 90 times)

APUS57

  • Hero Member
  • *****
  • Posts: 571
on: Jun 29, 2018
The cross elasticity of demand between apples and oranges is defined as the
 
  A) percentage change in the quantity of apples demanded divided by the percentage change in the price of oranges.
  B) price elasticity of demand for apples divided by the price elasticity of demand for oranges.
  C) percentage change in the quantity of apples demanded divided by the percentage change in the quantity of oranges demanded.
  D) change in the quantity of apples demanded divided by the change in the quantity of oranges demanded.

Question 2

In monopolistic competition, there are
 
  A) many firms making a differentiated product.
  B) a few firms making a differentiated product.
  C) many firms making an identical product.
  D) a few firms making an identical product.


dlook33

  • Sr. Member
  • ****
  • Posts: 344
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

APUS57

  • Hero Member
  • *****
  • Posts: 571
Reply #2 on: Jun 29, 2018
Correct answers!


dlook33

  • Sr. Member
  • ****
  • Posts: 344
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

Medications that are definitely not safe to take when breastfeeding include radioactive drugs, antimetabolites, some cancer (chemotherapy) agents, bromocriptine, ergotamine, methotrexate, and cyclosporine.

Piercey-Normore and DePriest discovered that some lichens readily change partners. Piercey-Normore and DePriest discovered that some lichens readily change partners.
Spotted hyena cubs in Limpopo, South Africa. Note the well defined spots, which will fade with age Spotted hyena cubs in Limpopo, South Africa. Note the well defined spots, which will fade with age
Cross Section of the Ear Cross Section of the Ear
Rule of Nines. A method for determining percentage of body burned. Each different colored section re Rule of Nines. A method for determining percentage of body burned. Each different colored section re
Nail structure, side view and cross-sectional view. Nail structure, side view and cross-sectional view.
Liver lobule cross section Liver lobule cross section
Video: Contraction cycle of a sarcomere

For a complete list of videos, visit our video library