RayQuan115
18.10.2019 •
Business
Substitutes have a(n): choose the correct answer from the following choices, and then select the submit answer button. income elasticity of demand greater than 1. negative cross elasticity of demand. incorrect: zero cross elasticity of demand. zero cross elasticity of demand. positive cross elasticity of demand.
Solved
Show answers
More tips
- C Computers and Internet How to Check the Speed of My Internet?...
- H Health and Medicine 10 Ways to Cleanse Your Colon and Improve Your Health...
- W Work and Career How to Write a Resume That Catches the Employer s Attention?...
- C Computers and Internet Е-head: How it Simplifies Life for Users?...
- F Family and Home How to Choose the Best Diapers for Your Baby?...
- F Family and Home Parquet or laminate, which is better?...
- L Leisure and Entertainment How to Properly Wind Fishing Line onto a Reel?...
- L Leisure and Entertainment How to Make a Paper Boat in Simple Steps...
- T Travel and tourism Maldives Adventures: What is the Best Season to Visit the Luxurious Beaches?...
- H Health and Medicine Kinesiology: What is it and How Does it Work?...
Answers on questions: Business
- B Business When lim f(x) exists, it always equals f(a). state whether it is true or false?...
- B Business What effect might strict limitations on design tools have on the design process?...
- M Mathematics Leon gets his beard trimmed. he pays with a $10.00 bill. how much change will he get back?...
- M Mathematics Solve the system below W y = - 3x + 17 y = -x + 3 O (7.4) O (-7,-4) O (7.-4)...
- S Social Studies Latitudinal is the reason for an increase in species richness toward the equator....
- M Mathematics (0,10) and (2,16) as an equation...
- H History What did Japan’s political transformation after World War II take that country from? empire to communism representative democracy to communism direct democracy to...
- M Mathematics WEPJFBRPUGF3 LOL Free Points, ;)...
- M Mathematics A squre coffee table has an area of 196 square inches. What is the length of one side of the coffee table...
- C Chemistry [6] 1,Which of the following is on example of chemical reaction?a) Rusting of iron b) Cutting of treec) Running of bike d) Cutting of paper...
Ответ:
positive cross elasticity of demand.
Explanation: In simple words, cross elasticity refers to the degree of change in the demand of a good with respect to change in the price of another goods.
In case of substitute goods, one good can easily be used in the place of another good. Thus, if the price of one good increases the demand for its substitute good also increases.
Hence from the above we can conclude that substitute goods have positive cross elasticity.
Ответ:
negative
Explanation:
I just got it right