If the quantity effect outweighs the price effect of a price increase, then demand is:
A. elastic.
B. inelastic.
C. unit elastic.
D. normal.
A. elastic.
Economics
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For substitutes, cross price elasticity of demand is:
a. Negative b. Positive c. between zero and one only d. zero.
Economics
Organizational structure can be a strategic asset if it
A) adds value. B) adds value and can be duplicated. C) adds value and cannot be duplicated. D) can be franchised.
Economics