If automobiles and gasoline are complements, then their cross-elasticity coefficient will be:
A. strictly greater than one.
B. positive.
C. equal to zero.
D. negative.
Answer: D
Economics
You might also like to view...
In periods of high inflation,
a. people want to hold on to as much money as possible. b. the purchasing power of money is decreasing. c. nobody wants to work and earn income. d. low nominal interest rates are likely to result. e. nobody wants to buy goods and services.
Economics
If economic profits are zero, then the entrepreneur can go elsewhere and do better
Indicate whether the statement is true or false
Economics