If the quantity of pretzels demanded decreases by 8% when the price of beer increases by 6%, the cross-price elasticity of demand between pretzels and beer is

A. -14.
B. -1.33.
C. -0.75.
D. 2.

Answer: B

Economics

You might also like to view...

Health insurance plans which typically reimburse doctors mainly by paying ________ are known as health maintenance organizations

A) an escalating fee based on the number of patients being treated B) a fee for each individual service provided C) a fee for each individual office visit D) a flat fee per patient

Economics

A vaccination shot provides a(n):

a. beneficial opportunity cost. b. positive externality. c. out-resourcing benefit. d. managed-care opportunity benefit.

Economics