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Author Question: When the price of bananas increases by 36%, Nyawira reduces her purchase of peanut butter by 50%. ... (Read 75 times)

kaitlynndavis

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on: Nov 23, 2022

Question 1

Other Demand Elasticities

When Aasir gets a 53% raise, he increases his purchase of donuts by 23%. Aasir's income elasticity of demand for donuts is ________. For Aasir, donuts are a ________ (normal/inferior) good. Round your final answer to two decimal places.
◦ 2.3, normal
◦ 0.43, normal
◦ 0.43, inferior
◦ 0, inferior

Question 2

When the price of bananas increases by 36%, Nyawira reduces her purchase of peanut butter by 50%. Nyawira's cross-price elasticity of demand for peanut butter is ________. For Nyawira, peanut butter and bananas are ________ (substitute/compliments). Round your final answer to two decimal places.
◦ -0.72, substitutes
◦ -1.39, substitutes
◦ -1.39, complements
◦ -0.72, complements
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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Marked as best answer by kaitlynndavis on Nov 23, 2022

SphnxKickin

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Reply #1 on: Nov 23, 2022
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.
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kaitlynndavis

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Reply 2 on: Nov 23, 2022
YES! Correct, THANKS for helping me on my review

lcapri7

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Reply 3 on: Yesterday
Excellent

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