Top Posters
Since Sunday
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
r
4
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
trea48 trea48
wrote...
Go to Answer
Posts: 450
Rep: 0 0
4 years ago

Question 1.

If the quantity of pretzels demanded decreases by 8% when the price of beer increases by 6%, the cross-price elasticity of demand between pretzels and beer is



▸ -14.

▸ -1.33.

▸ -0.75.

▸ 2.

Question 2.

If the cross-price elasticity of demand between shrimp and oysters is 4, then a 2% decrease in the price of shrimp will result in a(n) ________ in the quantity of oysters demanded.



▸ 0.5% decrease

▸ 8% decrease

▸ 4% decrease

▸ 2% increase
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
Read 79 times
1 Reply
Replies
Answer verified by a subject expert
mcwieckmcwieck
wrote...
#1
Posts: 388
Rep: 52 0
4 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

trea48 Author
wrote...

4 years ago
Helped a lot
sweetalia
wrote...

Yesterday
You make an excellent tutor!
TAT1238
wrote...

2 hours ago
Good timing, thanks!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  930 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 209
  
 901
  
 140