Mathematics, 11.04.2020 00:15 isabelsmhl
Suppose the demand function for good X is given by: a = 15-0.5P, -0.8P, where is the quantity demanded of good X, P, is the price of good X, and P, is the price of good Y, which is related to good X Refer to Scenario 5-2. Using the midpoint method, if the price of good X is constant at $10 and the price of good Y decreases from $10 to $8, the cross price elasticity of demand is about O
a.-0.80, and X and Y are complements
b.-2.57, and X and Y are complements.
C.-0.22, and X and Y are complements.
d. 0.57, and X and Y are substitutes.
Answers: 3
Other questions on the subject: Mathematics
Mathematics, 21.06.2019 13:00, wolfking800
Aright triangle includes one angle that measures 30º. what is the measure of the third angle? a. 30º b. 90º c. 60º d. 130º
Answers: 2
Mathematics, 22.06.2019 02:20, evanlubbe53
At a cost of 200, your club bought 175 frisbees to sell at the pep rally. you plan on selling them for $5 each. what is the domain of the function?
Answers: 1
You know the right answer?
Suppose the demand function for good X is given by: a = 15-0.5P, -0.8P, where is the quantity demand...
Questions in other subjects:
Biology, 26.10.2020 03:50
English, 26.10.2020 03:50
World Languages, 26.10.2020 03:50
Mathematics, 26.10.2020 03:50
