Gary has to decide between attending a two-day art workshop and a four-day art worksho
A) optimization in levels.
B) optimization in differences.
C) ordinal analysis.
D) comparative statics.
B
Economics
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The recent reduction in the price of oil has increased the demand for foreign automobiles. Based on this statement, what may be concluded about price, cross-price, or income elasticity of demand?
What will be an ideal response?
Economics
In response to a price change for good Y, if the cross-elasticity of demand for good Y is positive, good X and good Y are complements
a. True b. False Indicate whether the statement is true or false
Economics