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Author Question: Which of the following pairs of goods is most likely to have a positive cross-price elasticity? ... (Read 93 times)

jasdeep_brar

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on: Jun 29, 2018
Which of the following pairs of goods is most likely to have a positive cross-price elasticity?
 
  A) Printers and ink cartridges
  B) A privately-owned car and public transportation
  C) Coffee and sugar
  D) Motorcycles and typewriters

Question 2

What would be the most likely effect on the price of tickets for the Rose Bowl football game if a wealthy alumnus agreed to pay all the travel and lodging expenses of the visiting players?
 
  A) No effect.
  B) The price would fall.
  C) The price would rise.
  D) We have no basis for predicting because college football is a non-profit enterprise.


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triiciiaa

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


jasdeep_brar

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

mjenn52

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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