The cross-price elasticity of demand between rifles and bullets is likely to be

a. negative because the goods are complements
b. positive because the goods are complements
c. negative because the goods are substitutes
d. positive because the goods are substitutes
e. 0 because the goods are not substitutes

A

Economics

You might also like to view...

When the tax rate is constant when a person's income rises, the tax is a:

a. regressive tax. b. poll tax. c. progressive tax. d. constant tax. e. proportional tax.

Economics

The supply curve of bonds is graphed as a vertical line

Indicate whether the statement is true or false

Economics