When two goods are substitutes, their cross price elasticity of demand
A) infinity.
B) 0.
C) negative.
D) positive.
Answer: D
Economics
You might also like to view...
Which of the following is a benefit of economic growth?
A) reduction in illiteracy B) reduction in poverty C) improved health D) all of the above
Economics
The accumulation of investments in people is called
Economics
Refer to the total revenue graph below. Demand is price-elastic between points:
A. A and B
B. D and E
C. F and G
D. G and H
Economics
In a recessionary expenditure gap, the equilibrium level of real GDP is:
A. Less than planned aggregate expenditures B. Greater than planned aggregate expenditures C. Greater than full-employment GDP D. Less than full-employment GDP
Economics