Author Question: The percentage change in the demand for film divided by the percentage change in the price of ... (Read 101 times)

lracut11

  • Hero Member
  • *****
  • Posts: 536
The percentage change in the demand for film divided by the percentage change in the price of cameras indicates
 a. the cross-price elasticity of demand between film and cameras
  b. the cross-price elasticity of demand for photographs
  c. the price elasticity of demand for film
  d. the price elasticity of demand for cameras
  e. nothing because the two goods fall into the broadly defined category of photographic equipment

Question 2

Cross-price elasticity of demand measures
 a. elasticity of demand at the intersection of the supply and demand curves
  b. elasticity of supply at the intersection of supply and demand curves
  c. the relative elasticity of supply and demand at the intersection of the two curves
  d. the relationship between the demand for one good and the price of another
  e. the relationship between the demand for one good and the supply of another



Awesome

  • Sr. Member
  • ****
  • Posts: 280
Answer to Question 1

A

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The horizontal fraction bar was introduced by the Arabs.

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

For a complete list of videos, visit our video library