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Author Question: If two commodities are complements then: a. the cross-price elasticity will be zero. b. the ... (Read 67 times)

armygirl

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on: Jun 30, 2018
If two commodities are complements then:
 a. the cross-price elasticity will be zero.
  b. the cross-price elasticity will be one.
  c. the cross-price elasticity will be negative.
  d. the cross-price elasticity will be positive.

Question 2

The entry of new firms into a market stops when:
 a. the accounting profit of existing firms falls to zero.
  b. the general price level in the economy rises.
  c. the rate of interest in the economy declines.
  d. the economic profit of existing firms falls to zero.
  e. the corporate taxes are relaxed.


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carolinefletcherr

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

C

Answer to Question 2

d


armygirl

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

scottmt

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Reply 3 on: Yesterday
Excellent

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