For substitutes, cross price elasticity of demand is:

a. Negative
b. Positive
c. between zero and one only
d. zero.

b

Economics

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The average domestic round-trip, including taxes and government fees, was $____.

Fill in the blank(s) with the appropriate word(s).

Economics

Refer to the figure above. What is the equilibrium wage rate and equilibrium level of employment?

A) $35 and 10 units of labor B) $20 and 15 units of labor C) $15 and 35 units of labor D) $25 and 20 units of labor

Economics