subject
Business, 04.03.2020 05:48 hosfordkenya4

Suppose the price of pepper increases by 20percent and, as aresult, the quantity of salt demanded (holding the price of salt constant) decreases by 2 percent
The cross-price elasticity of demand between pepper and salt is (Enter your response rounded to two decimal places and include a minus sign if appropriate.)
In this example, pepper and salt are
Instead, suppose pepper and salt were substitutes.
If so, then the cross-price elasticity of demand between prepper and salt would be:.
1. Less than 1 but greater than 0
2. Negative
3. Greater than 1
4. Positive
5. Zero

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 18:30
You should typically prepare at least questions for the people who will host you during a job shadow. a. 3 b. 4 c. 5 d. 2
Answers: 1
question
Business, 23.06.2019 00:00
According to the video, the gross national product had declined from $104 billion in 1929 to about in 1933.
Answers: 2
question
Business, 23.06.2019 02:50
Expert computers was started in 2018. the company experienced the following accounting events during its first year of operation: started business when it acquired $40,000 cash from the issue of common stock. purchased merchandise with a list price of $32,000 on account, terms 2/10, n/30. paid off one-half of the accounts payable balance within the discount period. sold merchandise on account for $28,000. credit terms were 1/20, n/30. the merchandise had cost expert computers $16,000. collected cash from the account receivable within the discount period. paid $2,100 cash for operating expenses. paid the balance due on accounts payable. the payment was not made within the discount period. required record the events in a horizontal statements model below. in the cash flows column, use the letters oa to designate operating activity, ia for investing activity, fa for financing activity, or nc for net change in cash. if the account is not affected by the event, leave the cell blank. the first event is recorded as an example. what is the amount of gross margin for the period? what is the net income for the period?
Answers: 1
question
Business, 23.06.2019 03:00
Why is the type of product sold in an industry an important characteristic? a firm that can differentiate its product from that of rivals may be able to charge a higher price for a superior product. a firm that sells intangible goods is usually considered a monopoly. service industries cannot differentiate their products, which makes it easy for new firms to enter the industry. expensive products are usually sold by perfectly competitive firms.
Answers: 2
You know the right answer?
Suppose the price of pepper increases by 20percent and, as aresult, the quantity of salt demanded (h...
Questions
question
Chemistry, 07.01.2021 01:00
question
Mathematics, 07.01.2021 01:00
question
Mathematics, 07.01.2021 01:00
question
Geography, 07.01.2021 01:00
Questions on the website: 13722361