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

Author Question: Assume that product X has a negative cross elasticity with respect to shoes. If the price of shoes ... (Read 148 times)

erika

  • Hero Member
  • *****
  • Posts: 522
on: Jun 30, 2018
Assume that product X has a negative cross elasticity with respect to shoes. If the price of shoes rises
 A) the demand for product X will decrease.
  B) the quantity demanded for product X will increase.
  C) the demand for shoes will fall.
  D) the demand for product X will increase.

Question 2

Which of the following observations concerning health care service providers is true?
 a. Health care providers possess very little market power.
 b. Price discrimination and collusive behavior are likely to occur.
  c. Price discrimination is uncommon in the pharmaceutical industry.
  d. Natural health care monopolies are a rarity.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jordangronback

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

b


erika

  • Member
  • Posts: 522
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

dawsa925

  • Member
  • Posts: 326
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

This diagram shows a cross-section of a solar-type star. This diagram shows a cross-section of a solar-type star.
Blood typing and cross-reactions. The blood type depends on the presence of surface antigens ... Blood typing and cross-reactions. The blood type depends on the presence of surface antigens ...
Diagram of the cross section of an axoneme Diagram of the cross section of an axoneme
To find the derivative use product rule To find the derivative use product rule
Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price. Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.
Mendel’s test cross to verify independent assortment Mendel’s test cross to verify independent assortment
Video: Stretch reflex & Tendon reflex

For a complete list of videos, visit our video library