After a $5 million ad campaign, Coca-Cola measured its effectiveness by calculating the cross elasticity of demand between Coke and Pepsi. A successful campaign would be indicated if the cross elasticity went from
A. 0.9 to 0.5.
B. 0.9 to 1.5.
C. ?0.5 to ?0.2.
D. ?0.9 to ?1.5.
Answer: A
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If a landlord will rent an apartment only to married couples, the landlord is using a ________ allocation method
A) majority rule B) market price C) contest D) personal characteristics E) command
Taxes constant
What will be an ideal response?
In a barter economy,
A) money is a medium of exchange. B) coins are used to facilitate trade. C) money is a store of value. D) goods and services are traded directly for each other. E) the money supply consists entirely of coins and currency.
If the government increases the income tax rate they likely intend for:
A. C to increase, shifting aggregate demand to the right. B. I to increase, shifting aggregate demand to the right. C. C to decrease, shifting aggregate demand to the left. D. G to increase, shifting aggregate demand to the right.