Author Question: Which of the following pairs of goods would most likely exhibit a cross price elasticity of -1.8? ... (Read 57 times)

Charlie · **on:** Jun 30, 2018

Which of the following pairs of goods would most likely exhibit a cross price elasticity of -1.8?
a. orange juice and grapefruit juice
b. coffee and tea
c. a bagel and cream cheese
d. a van and a sport utility vehicle

Question 2

In an open economy, when the Fed increases the supply of money, it will increase net exports and aggregate demand.
a. True
b. False
Indicate whether the statement is true or false