If goods are complements, then their A) cross elasticities are positive. B) income elasticities ...

Author Question: If goods are complements, then their A) cross elasticities are positive. B) income elasticities ... (Read 107 times)

stock

Hero Member
Posts: 573

on: Jun 29, 2018

If goods are complements, then their

A) cross elasticities are positive.
B) income elasticities are positive.
C) income elasticities are negative.
D) cross elasticities are negative.

Question 2

In the above table, between what two levels of output does one first observe the law of diminishing returns?

A) 0 and 1000
B) 1000 and 3000
C) 3000 and 4000
D) 4000 and 4500

C.mcnichol98

Sr. Member
Posts: 314

Reply #1 on: Jun 29, 2018

Answer to Question 1

D

Answer to Question 2

C

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