The cross-price elasticity of demand measures:
A. the relationship between the demand for one good and the supply of another.
B. the relationship between the demand for one good and the price of another.
C. the relationship between the demand and supply of one good at the intersection of the curves.
D. the elasticity of demand at the intersection of the supply and demand curves.
Answer: B
You might also like to view...
If a bank has excess reserves of $7,000 and demand deposit liabilities of $100,000, and if the reserve requirement is 10 percent, then the bank has actual reserves of
A) $14,000. B) $17,000. C) $22,000. D) $27,000.
The cost of producing the typical unit of output is the firm's
a. average total cost. b. opportunity cost. c. variable cost. d. marginal cost.
Which point or output-combination in the graph below could the nation produce only if it experienced economic growth?
A. Combination F
B. Combination G
C. Combination C
D. Combination E
The government budget constraint implies that
A. government borrowings = government spending+ transfers - taxes and user charges. B. government spending = government borrowing - transfers - taxes and user charges C. government spending = transfers - taxes and user charges - government borrowing. D. government borrowings = taxes and user charges + government spending - transfers