This topic contains a solution. Click here to go to the answer

Author Question: If two commodities are complements then: a. the cross-price elasticity will be zero. b. the ... (Read 58 times)

armygirl

  • Hero Member
  • *****
  • Posts: 556
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.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

carolinefletcherr

  • Sr. Member
  • ****
  • Posts: 313
Answer to Question 1

C

Answer to Question 2

d




armygirl

  • Member
  • Posts: 556
Reply 2 on: Jun 30, 2018
Gracias!


amcvicar

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

More than 150,000 Americans killed by cardiovascular disease are younger than the age of 65 years.

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Did you know?

The first oral chemotherapy drug for colon cancer was approved by FDA in 2001.

For a complete list of videos, visit our video library