The cross elasticity between Rolaids and Tums is expected to be:
a. negative.
b. positive.
c. zero.
d. one.
e. infinite.
b
Economics
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A tax would not impose a welfare cost only if: a. the quantity exchanged did not change as a result. b. supply was perfectly elastic
c. supply was unit elastic. d. the demand curve was perfectly elastic.
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What is an individual transferable quota (ITQ)? How can it be used with the total allowable catch (TAC) for making fishing more efficient and sustainable?
What will be an ideal response?
Economics