Arestaurant sells salsa and guacamole, each of which can be eaten with the tacos that the restaurant sells. the manager of the restaurant is not sure whether salsa and guacamole are substitutes or complements. however, after increasing the price of guacamole from $2.00 to $2.50, the manager notices that daily salsa sales rise by 5%. what is the cross price elasticity of salsa and guacamole, and what can the manager conclude about their relationship?

Consider the market for gasoline. suppose that, in a competitive market without government regulations, the equilibrium price of gasoline is $3.00 per gallon, and employees at gas stations earn $17.50 per hour. complete the following table by indicating whether each of the statements is an example of a price ceiling or a price floor and whether it results in a shortage or a surplus or has no effect on the price and quantity that prevail in the market. statement price control effect the government has instituted a legal minimum price of $3.40 per gallon for gasoline. the government prohibits gas stations from selling gasoline for more than $3.40 per gallon. due to new regulations, gas stations that would like to pay better wages in order to hire more workers are prohibited from paying more than $14.50 per hour.

%of the world's population controls approximately % of the world's finances (the sum of gross domestic products)" quizlket

Question 6 of 102 pointswhich situation shows a constant rate of change? oa. the number of tickets sold compared with the number of minutesbefore a football gameob. the height of a bird over timeoc. the cost of a bunch of grapes compared with its weightod. the outside temperature compared with the time of day