If the cross elasticity of demand between two goods is -0.56, then a fall in the price of one good leads to a ________ shift in the ________ of the other good
A) rightward; demand
B) rightward; supply
C) leftward; demand
D) leftward; supply
A
Economics
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Other things the same, as the price level falls,
a. the dollar depreciates. b. the interest rate rises. c. people feel less wealthy. d. All of the above are correct.
Economics
A binding price floor that could be set in the market in the graph shown would be:
A. $23.
B. $16.
C. $8.
D. $12.
Economics