If the cross elasticity of demand between Coke and Pepsi is 2.02, then Coke and Pepsi are
A) complements.
B) substitutes.
C) normal goods.
D) inferior goods.
E) Both answers B and C are correct.
B
Economics
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Given the following information about AAA bank:
Bank Deposits $200,000 Loans 100,000 Required Reserves 40,000 Excess Reserves 60,000 What is the reserve ratio? A) 50 percent B) 40 percent C) 20 percent D) 10 percent
Economics
Reserves are ________
A) gold in a bank's vault plus its gold at Federal Reserve banks B) cash in a bank's vault plus its deposits at Federal Reserve banks C) cash in a bank's vault plus its gold at Federal Reserve banks D) cash in a bank's vault plus the cash carried by its customers
Economics