Suppose the manager of a store wants to know whether the product of the store across the street is a substitute for her product. In other words, she would need to know if the _____ for the products is positive

a. cross-price elasticity of demand
b. price elasticity of demand
c. income elasticity of demand
d. price elasticity of supply
e. cross-price elasticity of supply

a

Economics

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Consider the market for Hewlett-Packard printers, depicted in the figure to the right, where the supply of HP printers has increased from S1 to S2. What would cause the supply curve for HP printers to shift to the right?

A. a decrease in the price of a substitute in production B. a decrease in the price of an input C. a higher expected future price for HP printers D. both A and B E. all of the above

Economics

Of the types of business organizations in the United States, corporations account for ________ percentage of firms and ________ percentage of profits

A) smallest; neither the largest nor smallest B) neither the largest nor smallest; the largest C) the smallest; the largest D) the largest; the largest

Economics