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Author Question: The cross-price elasticity of demand for a good is the: A) percentage change in the quantity ... (Read 54 times)

lindiwe

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on: Jun 29, 2018
The cross-price elasticity of demand for a good is the:
 
  A) percentage change in the quantity demanded for a good due to a percentage change in the consumer's income.
  B) percentage change in the quantity demanded for a good due to a percentage change in the good's price.
  C) percentage change in the quantity demanded for a good due to a percentage change in tax rates.
  D) percentage change in the quantity demanded for a good due to a percentage change in the price of related goods.

Question 2

If a government action is designed to achieve efficiency, then the action must have the market produce the amount of output so that the
 
  A) marginal private cost equals the marginal private benefit.
  B) marginal social cost equals the marginal social benefit.
  C) marginal external cost equals the marginal external benefit.
  D) marginal private cost equals the tax.
  E) marginal social benefit exceeds the marginal social cost by as much as possible.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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mrphibs

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Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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lindiwe

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

recede

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Reply 3 on: Yesterday
Wow, this really help

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