[Answered] The cross-price elasticity of demand for coffee and tea is likely to be A) greater than zero. B) ...

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Author Question: The cross-price elasticity of demand for coffee and tea is likely to be A) greater than zero. B) ... (Read 80 times)

CharlieWard

Hero Member
Posts: 578

on: Jul 1, 2018

The cross-price elasticity of demand for coffee and tea is likely to be

A) greater than zero.
B) less than zero.
C) zero.
D) infinity.

Question 2

If a firm is able to set price,

A) it is a monopoly.
B) its marginal revenue is constant.
C) it sells its output at a constant price.
D) it faces a downward-sloping demand curve.

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ririgirl15

Sr. Member
Posts: 385

Reply #1 on: Jul 1, 2018

Answer to Question 1

A

Answer to Question 2

D

CharlieWard

Member
Posts: 578

Reply 2 on: Jul 1, 2018

Great answer, keep it coming

lindahyatt42

Member
Posts: 322

Reply 3 on: Yesterday

Wow, this really help

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