A rise in the price of good A shifts the ________ good B rightward if the cross elasticity of demand between A and B is ________
A) demand curve for; negative
B) demand curve for; positive
C) supply curve of; negative
D) supply curve of; positive
B
Economics
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When a minimum wage is ________, the firms' surplus and workers' surplus shrink, a deadweight loss ________, and resources are lost in job search
A) inefficient; arises B) inefficient; disappears C) efficient; arises D) efficient; disappears E) nonexistent; arises
Economics
The interest rate the Fed charges banks borrowing from the Fed is the
A) federal funds rate. B) Treasury bill rate. C) discount rate. D) prime rate.
Economics