The cross elasticity of demand between Coca-Cola and Pepsi-Cola is ________ so that Coke and Pepsi are ________
A) positive; complements
B) positive; substitutes
C) negative; normal goods
D) negative; substitutes
B
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Suppose a bond has a coupon of $75, face value of $1000, and current price of $1100. What is the coupon rate? What is its current yield? Report a percentage with two decimal places
What will be an ideal response?
The gold standard is a type of
A) fixed exchange rate system. B) flexible exchange rate system. C) floating exchange rate system. D) managed exchange rate system.
Capital gains are
A. The amount of corporate profit paid out for each share of stock. B. An increase in the market value of an asset. C. Profits used for investment in new plants and equipment. D. The only motive for purchasing stock.
Suppose a U.S.-made machine costs $500 and the exchange rate is 100 yen = $1. A Japanese citizen purchasing this machine would pay:
A. 500 yen. B. 5,000 yen. C. 10,000 yen. D. 50,000 yen.