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

Author Question: If the cross elasticity of demand between goods X and Y is positive and between goods X and Z is ... (Read 33 times)

amal

  • Hero Member
  • *****
  • Posts: 572
on: Jun 29, 2018
If the cross elasticity of demand between goods X and Y is positive and between goods X and Z is negative, then X and Y are ________ and X and Z are ________.
 
  A) price inelastic; complements
  B) complements; substitutes
  C) substitutes; complements
  D) price inelastic; income elastic

Question 2

In the above figure, the amount of tax revenue is
 
  A) 2,000.
  B) 4,000.
  C) 6,000.
  D) 8,000.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

yeungji

  • Sr. Member
  • ****
  • Posts: 319
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


amal

  • Member
  • Posts: 572
Reply 2 on: Jun 29, 2018
:D TYSM

xiaomengxian

  • Member
  • Posts: 311
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

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?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Cross-section of skin and a hair follicle. Note the shaft of the hair, the root, and papilla Cross-section of skin and a hair follicle. Note the shaft of the hair, the root, and papilla
Nail structure, side view and cross-sectional view. Nail structure, side view and cross-sectional view.
A cross-section of the skin reveals three layers A cross-section of the skin reveals three layers
Two wells are filled with different antigens and when they diffuse, they form lines that cross which ... Two wells are filled with different antigens and when they diffuse, they form lines that cross which ...
A latex agglutination test for rheumatoid factor. A positive control at 1. A negative control at 2. ... A latex agglutination test for rheumatoid factor. A positive control at 1. A negative control at 2. ...
The peptidoglycan layer of Gram-positive bacteria The peptidoglycan layer of Gram-positive bacteria
Video: Alternative Energy Sources

For a complete list of videos, visit our video library