The cross price elasticity of demand for a good is the percentage change in the quantity demanded in response to a given percentage change in
A) income.
B) the price of that good.
C) the price of another good.
D) the quantity demanded of another good.
C
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Which of the following pairs are not considered to be complementary goods?
A. fertilizer and irrigation systems B. cereal and milk C. digital cameras and memory cards D. coffee and tea
At a price below the equilibrium price, there is
A) a surplus. B) a shortage. C) excess supply. D) sub-equilibrium. E) none of the above
One theory discussed in the textbook is that there is a direct relationship between the opportunity cost of having children and the number of children a woman will have
Indicate whether the statement is true or false
Refer to the information provided in Figure 15.2 below to answer the question(s) that follow. 
Figure 15.2 Refer to Figure 15.2. From society's point of view, the efficient level of output is
A. 40 perms. B. 50 perms. C. 60 perms. D. 80 perms.