Cross-price elasticity of demand is
A. negative for substitute goods.
B. positive for general goods.
C. negative for complementary goods.
D. unitary for secondary goods.
Answer: C
Economics
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Refer to the table above. What is the equilibrium quantity of notebooks?
A) 4 units B) 10 units C) 20 units D) 12 units
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A negative externality
A) occurs under any undesirable event. B) occurs when an action doesn't take into account the costs it imposes on others. C) can be a natural phenomenon, such as being struck dead by a bolt of lightening. D) cannot occur at the same time as a positive externality.
Economics