What is the cross-price elasticity between beef and vegetables for a strict vegan when the price of vegetables increases?
A. Zero
B. Either zero or negative depending on whether the vegan eats less vegetables.
C. Positive
D. Negative
Answer: A
Economics
You might also like to view...
DSL and broadband internet service would be considered an example of:
A) substitute goods. B) giffen goods. C) inferior goods. D) complementary goods.
Economics
A change in the euro-dollar exchange rate from $1 per euro to $2 per euro would ____ the U.S. price of German goods, ____ the number of German goods that would be demanded in the U.S. a. decrease; reducing
b. decrease; increasing. c. increase; reducing. d. increase; increasing.
Economics