Assume that product X has a positive cross elasticity with respect to shoes. If the price of shoes rises
A) the demand for product X will decrease.
B) the quantity demanded for product X will increase.
C) the demand for shoes will fall.
D) the demand for product X will increase.
D
Economics
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Refer to Table 19-5. The value added by the automobile dealer equals
A) $7,000. B) $15,000. C) $18,000. D) $25,000.
Economics
Some economists reject the idea that bigness is __________. These people believe our policy should be __________
a. c, d, and e b. efficient or technologically superior; to encourage bigness c. inevitable; to break big firms up d. contestable; to contest bigness e. inevitable; laissez-faire
Economics