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

Author Question: Good A has an income elasticity equal to -1.0 and a cross price elasticity with respect to Good B of ... (Read 65 times)

Yi-Chen

  • Hero Member
  • *****
  • Posts: 550
on: Jun 30, 2018
Good A has an income elasticity equal to -1.0 and a cross price elasticity with respect to Good B of 0.9 . Then:
 a. Good A is an inferior good and Goods A and B are substitutes.
  b. Good A is an inferior good and Goods A and B are complements.
  c. Good A is a normal good and Goods A and B are substitutes.
 d. Good A is a normal good and Goods A and B are complements.

Question 2

The Fed sometimes works to partly offset or even neutralize the effects of fiscal policy with monetary policy
 a. True
  b. False
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

bob

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

True


Yi-Chen

  • Member
  • Posts: 550
Reply 2 on: Jun 30, 2018
Gracias!

Zebsrer

  • Member
  • Posts: 284
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

Multiple experimental evidences have confirmed that at the molecular level, cancer is caused by lesions in cellular DNA.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

A Controlled Cross between Two Plants A Controlled Cross between Two Plants
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
The Punnett square of a dihybrid cross demonstrates Mendel’s law of independent assortment. The Punnett square of a dihybrid cross demonstrates Mendel’s law of independent assortment.
A cross section of a typical wax-actuated thermostat showing the position of the wax pellet and ... A cross section of a typical wax-actuated thermostat showing the position of the wax pellet and ...
The learning and retention of the mirrordrawing task by H.M. Despite his good retention of the task, ... The learning and retention of the mirrordrawing task by H.M. Despite his good retention of the task, ...
A three-point mapping cross in Drosophila melanogaster A three-point mapping cross in Drosophila melanogaster
Video: Stress and Immune System Animation

For a complete list of videos, visit our video library