The cross elasticity of demand for pizza with respect to the price of a soda is
A) positive because the goods are complements.
B) negative because the goods are complements.
C) positive because the goods are substitutes.
D) negative because the goods are substitutes.
B
Economics
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A price below the equilibrium price results in
A) a surplus. B) a shortage. C) excess supply. D) a further price fall.
Economics
Which of the following statements is true?
A. A tariff is a physical limit on the quantity of a good allowed to enter a country. B. An embargo is a tax on an imported good. C. A quota is a law that bars trade with another country. D. When a nation exports more than it imports it is running a balance of trade surplus.
Economics