Economists consider which of the following costs to be irrelevant to a short-run business decision?

Which of the following is NOT an application of supply and demand analysis?

A) Understanding changing world economic conditions and their effects on prices B) Evaluating the effects of government price controls on the agricultural industry C) Determining how taxes affect aggregate consumption spending patterns D) all of the above E) none of the above

The cross-price elasticity of demand for bacon and eggs likely would be negative because bacon and eggs are complements for many people

a. True b. False Indicate whether the statement is true or false