If goods are completely unrelated, their cross price elasticity will
A. be negative.
B. be less than one.
C. be greater than one.
D. be equal to zero.
Answer: D
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Firms develop brand names in order to make the demand for their product more elastic
a. True b. False Indicate whether the statement is true or false
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a. decreased employment in some U.S. industries. b. decreased employment in all U.S. industries. c. increased employment in all U.S. industries. d. no changes in U.S. employment.
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Answer the following statement(s) true (T) or false (F)