If the demand for salad dressing increases when the price of lettuce decreases, the cross-price elasticity of demand between salad dressing and lettuce will be ________ because these two goods are ________.
A. negative; substitutes
B. zero; inferior
C. equal to 1; inelastic
D. negative; complements
Answer: D
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Describe what is meant by economies of scope and explain how financial institutions' realizing economies of scope has led to an increase in conflicts of interest
What will be an ideal response?
When investors buy more capital goods because the interest rates have fallen, the aggregate demand curve
A) shifts right. B) shifts left. C) does not shift. D) stays the same.
Refer to the above table. The table gives the combinations of real disposable income and real consumption for a college student for a year. What does planned real saving equal when real disposable income equals? $12,000?
Real Disposable Income Planned Real Consumption ?$0 $3,000 ?2,000 4,400 ?4,000 5,800 ?6,000 7,200 ?8,000 ? 8,600 ?10,000 10,000 ?12,000 11,400 ?14,000 ? 12,800 A) 0 B) 600 C) 3,000 D) 11,400
Imports have the same effect on the current size of GDP as:
A. exports. B. investment. C. consumption. D. saving.