For complements, cross price elasticity of demand is:
a. Negative
b. Positive
c. between zero and one only
d. zero.
a
Economics
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What are the different types of auctions based on how the price of the item being auctioned is determined?
What will be an ideal response?
Economics
Refer to Table 23-3. Given the consumption schedule in the table above, the marginal propensity to consume is
A) 0.1. B) 0.3. C) 0.6. D) 0.9.
Economics
Government printing of money to finance government spending is called
A) irresponsible. B) an open-market purchase. C) sterilization. D) seigniorage.
Economics
Refer to the above figure. Which panel represents what happens in the U.S. job market in the short-run when U.S. firms substitute labor outside of the U.S. for labor inside the U.S.?
A) Panel A B) Panel B C) Panel C D) Panel D
Economics