If the value of the cross elasticity of demand is negative, the two goods are
A) complementary goods.
B) substitute goods.
C) normal goods.
D) inferior goods.
A
Economics
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A country's exchange rate is the
A) price of its currency in terms of another currency. B) ratio of imports to exports. C) ratio of exports to imports. D) ratio of net exports to real GDP.
Economics
If the market price is less than a perfectly competitive firm's average total cost, what sort of profit or loss is the firm making?
What will be an ideal response?
Economics