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

Author Question: If two commodities are complements then: a. the cross-price elasticity will be zero. b. the ... (Read 60 times)

armygirl

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


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

C

Answer to Question 2

d


armygirl

  • Member
  • Posts: 556
Reply 2 on: Jun 30, 2018
:D TYSM

milbourne11

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Cross-section view of the human eye. Cross-section view of the human eye.
A William Jennings Bryan poster alludes to religion: “no crown of thorns” and no “cross of gold.” Br A William Jennings Bryan poster alludes to religion: “no crown of thorns” and no “cross of gold.” Br
4.1 Age changes in total IQ based on cross-sectional data (lower line) and longitudinal data ... 4.1 Age changes in total IQ based on cross-sectional data (lower line) and longitudinal data ...
The Impact of Cross-Ethnic Friendships on Minority Students’ Well-Being The Impact of Cross-Ethnic Friendships on Minority Students’ Well-Being
Trihybrid Cross Trihybrid Cross
A three-point mapping cross in Drosophila melanogaster A three-point mapping cross in Drosophila melanogaster
Video: The life cycle of protein

For a complete list of videos, visit our video library