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

Author Question: Negative cross-price elasticity of demand indicates that a. the product is an inferior good b. the ... (Read 67 times)

CQXA

  • Hero Member
  • *****
  • Posts: 546
on: Jul 1, 2018
Negative cross-price elasticity of demand indicates that
 a. the product is an inferior good
  b. the product is a necessity
  c. the product is a luxury
  d. the two products are substitutes
  e. the two products are complements

Question 2

Substitutes are pairs of products with
 a. positive cross-price elasticity of demand
  b. negative cross-price elasticity of demand
  c. positive income elasticity of demand
  d. negative income elasticity of demand
  e. positive price elasticity of demand


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Dinolord

  • Sr. Member
  • ****
  • Posts: 313
Reply #1 on: Jul 1, 2018
Answer to Question 1

E

Answer to Question 2

A


CQXA

  • Hero Member
  • *****
  • Posts: 546
Reply #2 on: Jul 1, 2018
Correct answers!


Dinolord

  • Sr. Member
  • ****
  • Posts: 313
Reply #3 on: Jul 1, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Cell-wall structure of Gram-positive and Gram-negative bacteria. Cell-wall structure of Gram-positive and Gram-negative bacteria.
Intradermal drug administration: (a) cross section of skin showing depth of needle insertion Source: Intradermal drug administration: (a) cross section of skin showing depth of needle insertion Source:
Good ethical judgment comes from both learning and experience. Good ethical judgment comes from both learning and experience.
Find the derivative using the product rule Find the derivative using the product rule
The phenotypic and genotypic ratios of a dihybrid cross can be derived using a branched-line method The phenotypic and genotypic ratios of a dihybrid cross can be derived using a branched-line method
Mendel’s test cross to verify independent assortment Mendel’s test cross to verify independent assortment
Video: Causes of Angina

For a complete list of videos, visit our video library