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Author Question: If one is interested in knowing whether or not a pair of products are substitutes, one would be ... (Read 124 times)

iveyjurea

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on: Jun 30, 2018
If one is interested in knowing whether or not a pair of products are substitutes, one would be interested in the value of the:
 a. elasticity of supply.
 b. price elasticity of demand.
 c. income elasticity of demand.
 d. cross-price elasticity of demand.

Question 2

The quantity of money demanded varies ____ with the nominal interest rate, but the supply of money is almost perfectly ____ with respect to nominal interest rates.
 a. inversely; elastic
 b. directly; elastic
 c. inversely; inelastic
  d. directly; inelastic


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upturnedfurball

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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

c


iveyjurea

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

tranoy

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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