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

Author Question: Which of these measures the responsiveness of the quantity of one good demanded to an increase in ... (Read 21 times)

go.lag

  • Hero Member
  • *****
  • Posts: 667
on: Jul 1, 2018
Which of these measures the responsiveness of the quantity of one good demanded to an increase in the price of another good?
 
  A) price elasticity.
  B) income elasticity.
  C) cross-price elasticity.
  D) cross substitution elasticity.

Question 2

Due to externalities generated by home landscaping, its price
 
  A) is above the optimal level, and quantity that is below the optimal level.
  B) is below the optimal level, and quantity that is above the optimal level.
  C) and quantity traded are both above the optimal level.
  D) and quantity traded are both below the optimal level.
  E) must fall in order for the market to reach equilibrium.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

aadams68

  • Sr. Member
  • ****
  • Posts: 317
Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

D


go.lag

  • Member
  • Posts: 667
Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

miss.ashley

  • Member
  • Posts: 371
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Did you know?

There are 60,000 miles of blood vessels in every adult human.

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Pulmonary function test: spirometry. (a) Normal respiratory volumes, as measured during spirometry. Pulmonary function test: spirometry. (a) Normal respiratory volumes, as measured during spirometry.
To help make good electrical contact with the terminals without doing any harm, select the ... To help make good electrical contact with the terminals without doing any harm, select the ...
Good body mechanics for sitting on chair while performing massage. A. Sit with back and head in ... Good body mechanics for sitting on chair while performing massage. A. Sit with back and head in ...
Greenhouse gases increase in the stratosphere Greenhouse gases increase in the stratosphere
Potatoes are a good source of complex carbohydrates Potatoes are a good source of complex carbohydrates
Most Canadian seniors rated their health as good to excellent. Most Canadian seniors rated their health as good to excellent.
Video: Facilitated Diffusion - Glucose transport

For a complete list of videos, visit our video library