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Author Question: The cross-price elasticity of demand for coffee and caskets is likely to be A) less than zero. ... (Read 150 times)

Melani1276

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on: Jul 1, 2018
The cross-price elasticity of demand for coffee and caskets is likely to be
 
  A) less than zero.
  B) greater than zero.
  C) zero.
  D) infinity.

Question 2

Which of the following correctly completes this statement? The monopolist's marginal revenue
 
  A) will be greater than price.
  B) will be less than price.
  C) will be equal to price.
  D) will be greater than total revenues.


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shewald78

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Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

B


Melani1276

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Reply #2 on: Jul 1, 2018
Thank you :)


shewald78

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Reply #3 on: Jul 1, 2018
Happy to help you


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