The term cross-price refers to the idea that:
a. the price of one good is affecting the quantity demanded of a different good.
b. the demand of one good is affecting the quantity demanded of a different good.
c. the price of one good is affecting the quantity supplied of a different good.
d. the supply of one good is affecting the quantity demanded of a different good.
a. the price of one good is affecting the quantity demanded of a different good.
You might also like to view...
Technological change that affects the marginal products of high-skilled and low-skilled workers differently is called ________ technological change.
A. marginal-productivity B. capital-labor C. high-low D. skill-biased
A bond that never matures is known as a
a. perpetuity. b. an intermediary bond. c. an indexed bond. d. a junk bond.
The following table shows Jay's estimated annual benefits of holding different amounts of money.Average money holdingsTotal benefit$100$20$200$29$300$36$400$41$500$44 How much money will Jay hold if the nominal interest rate is 4 percent? (Assume he wants his money holdings to be in multiples of $100.)
A. $300 B. $100 C. $400 D. $200
Refer to the above graph. The profit-maximizing monopolist shown sets its price and output at:
A. 0G and 0Y, respectively. B. 0J and 0V, respectively. C. 0H and 0X, respectively. D. 0G and 0V, respectively.