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Author Question: The market demand for wheat is Q = 100 - 2p + 1pb, where pb is the price of barley. If the price of ... (Read 147 times)

big1devin

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on: Jul 1, 2018
The market demand for wheat is Q = 100 - 2p + 1pb, where pb is the price of barley. If the price of wheat is 2 and the price of barley is 4, the cross-price elasticity of demand
 
  A) equals (4/100).
  B) equals (-2/100).
  C) equals (-4/25).
  D) cannot be calculated without more information.

Question 2

The market demand for wheat is Q = 100 - 2p + 1pb, where pb is the price of barley. If the price of wheat is 2 and the price of barley is 4, the price elasticity of demand
 
  A) equals (-4/100).
  B) equals (-25).
  C) equals (-1).
  D) cannot be calculated without more information.
Microeconomics ¦ Perloff ¦ 8th Edition
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SAUXC

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Reply #1 on: Jul 1, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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big1devin

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Reply 2 on: Jul 1, 2018
Wow, this really help

JaynaD87

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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