If the price of a movie rises 3 percent and, as a result, the quantity demanded of video rentals increases 6 percent, then the cross elasticity of demand is
A) 2.
B) 1/2.
C) -1/2.
D) -2.
E) 9.
A
Economics
You might also like to view...
According to the text, approximately what percentage of U.S. net public debt is held by foreign residents?
A) 50% B) 20% C) 90% D) 800%
Economics
________ taxes represent about a third of the federal government's receipts
A) Excise B) Corporate income C) Payroll D) Personal income
Economics