The measure used to determine whether two products are complements or substitutes is called the
A) price elasticity of supply.
B) cross elasticity of demand.
C) price elasticity of demand.
D) income elasticity.
E) substitute elasticity of demand.
B
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The inflation rate in Genovia has been rising constantly. What can the central bank of the country do to control inflation?
What will be an ideal response?
Distinguish between a voluntary export restraint and a quota
What will be an ideal response?
________ indicates whether a country is a net borrower from or lender to the rest of the world
A) The basic balance B) The liquidity balance C) The capital account D) The current account
Which of the following is not reflected in the constant term associated with the marginal propensity to consume?
A) The level of C if Y were zero B) People's consumption with zero income C) All other influences on consumption besides income D) All of the above are reflected in the constant term.