Author Question: The cross-price elasticity of demand for peanut butter with respect to the price of jelly is -0.3. ... (Read 76 times)

jeatrice

  • Hero Member
  • *****
  • Posts: 543
The cross-price elasticity of demand for peanut butter with respect to the price of jelly is -0.3. If we expect the price of jelly to decline by 15, what is the expected change in the quantity demanded for peanut butter?
 
  A) +15
  B) +45
  C) +4.5
  D) -4.5

Question 2

As you move rightward on a marginal cost of abatement curve, emissions are
 
  A) falling, and the cost of eliminating the marginal unit falls.
  B) rising, and the cost of eliminating the marginal unit falls.
  C) falling, and the cost of eliminating the marginal unit rises.
  D) rising, and the cost of eliminating the marginal unit rises.
  E) rising, and the cost of eliminating the marginal unit is constant.



raili21

  • Sr. Member
  • ****
  • Posts: 324
Answer to Question 1

C

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

For a complete list of videos, visit our video library