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

Author Question: The cross-price elasticity of demand for a good is the: A) percentage change in the quantity ... (Read 43 times)

lindiwe

  • Hero Member
  • *****
  • Posts: 577
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
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mrphibs

  • Sr. Member
  • ****
  • Posts: 307
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.
Answer Preview
Only 29% of students answer this correctly


lindiwe

  • Member
  • Posts: 577
Reply 2 on: Jun 29, 2018
Excellent

atrochim

  • Member
  • Posts: 331
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

This map shows the percentage of Protestants by state in Germany. When compared to the previous map This map shows the percentage of Protestants by state in Germany. When compared to the previous map
Drag the labels to indicate the change in the size of the reservoir. . . Drag the labels to indicate the change in the size of the reservoir. . .
The waveform of a good oxygen sensor as displayed on a digital storage oscilloscope (DSO). Note ... The waveform of a good oxygen sensor as displayed on a digital storage oscilloscope (DSO). Note ...
Gestalt Law of Good Continuation Gestalt Law of Good Continuation
Ways to Measure Percentage of Body Fat Ways to Measure Percentage of Body Fat
Suppose a country imports televisions. The country's supply and demand curves are shown in ... Suppose a country imports televisions. The country's supply and demand curves are shown in ...
Video: Dissociative Disorders (Part 3)

For a complete list of videos, visit our video library