Coke and Pepsi probably have a:
A. less elastic cross-price elasticity of demand than do Coke and bananas.
B. cross-price elasticity of demand that is smaller than do Coke and bananas.
C. negative cross-price elasticity of demand.
D. more elastic cross-price elasticity of demand than do Coke and bananas.
D. more elastic cross-price elasticity of demand than do Coke and bananas.
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Actual investment spending does not include
a. spending on consumer durable goods. b. spending on new capital equipment. c. spending on new houses. d. changes in inventories.
Which of the following statements is TRUE?
A) If private saving is greater than private investment, then the private sector has a surplus. B) If private investment is greater than private saving, then the private sector has a deficit. C) If private investment is greater than private saving, then either the government or net export sector must have a surplus. D) All of the above answers are correct.
Disguised unemployment refers to
a. workers who shirk their responsibilities and don't contribute to output b. unemployed people who don't admit they are unemployed c. workers whose output is valued at less than their wage d. unemployed people who pretend to be working e. none of the above
What are the three components of an interest rate?