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

Author Question: When the price of hamburger went from $3 to $4 a pound, the quantity demanded of buns changed from ... (Read 280 times)

corkyiscool3328

  • Hero Member
  • *****
  • Posts: 539
on: Jul 20, 2019
When the price of hamburger went from $3 to $4 a pound, the quantity demanded of buns changed from 30 to 25 packages a day. The cross-price elasticity of demand for buns (using the initial value formula) is:
◦ 1.4.
◦ 0.5.
◦ -0.5.
◦ -1.4.
Microeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by corkyiscool3328 on Jul 20, 2019

olivia_paige29

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jul 20, 2019
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.
Answer Preview
Only 39% of students answer this correctly


corkyiscool3328

  • Hero Member
  • *****
  • Posts: 539
Reply #2 on: Jul 20, 2019
TY


olivia_paige29

  • Sr. Member
  • ****
  • Posts: 334
Reply #3 on: Jul 20, 2019
You're welcome


« previous next »
 

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Did you know?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

Did you know?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

Photosynthetic Organisms Changed Earth's Atmosphere Photosynthetic Organisms Changed Earth's Atmosphere
From this 1946 photo, you can see how computers have changed. This is the ENIAC, the world’s first ... From this 1946 photo, you can see how computers have changed. This is the ENIAC, the world’s first ...
Radiation Quantity and Quality Radiation Quantity and Quality
How to create a price index to calculate inflation for a basket of goods How to create a price index to calculate inflation for a basket of goods
The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ... The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ...
Refer to Scenario 3.1. If the price of potato chips is $0.50 and the price of Cola is $4.00, ... Refer to Scenario 3.1. If the price of potato chips is $0.50 and the price of Cola is $4.00, ...
Video: Properties of water -structure of water and polarity (Ionized and polar compounds)

For a complete list of videos, visit our video library