Blue pens and black pens are close substitutes. The cross elasticity of demand for black pens with respect to the price of blue pens is ________
A) positive
B) negative
C) equal to 1
D) zero
A
Economics
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A one-year discount bond has a face value of $1000 and a price of $925. What is the yield to maturity on the bond? Report using percentages with two decimal places
What will be an ideal response?
Economics
A monopolistically competitive market
a. is imperfectly competitive, and all imperfectly competitive markets are monopolistically competitive. b. is imperfectly competitive, but not all imperfectly competitive markets are monopolistically competitive. c. is imperfectly competitive, whereas an oligopolistic market is not imperfectly competitive. d. is not imperfectly competitive.
Economics