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Author Question: Good A has an income elasticity equal to 0.4 and a cross price elasticity with respect to Good B of ... (Read 57 times)

torybrooks

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on: Jun 30, 2018
Good A has an income elasticity equal to 0.4 and a cross price elasticity with respect to Good B of 1.2 . 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

Quantitative easing involved Fed purchases of long term securities rather than short term securities.
 a. True
  b. False
  Indicate whether the statement is true or false


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wuly

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

c

Answer to Question 2

True


torybrooks

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

upturnedfurball

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

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