Cross elasticity coefficient substitutes

+44 141 628 6080
[email protected]

When Ford raises pickup truck prices 20 percent and Chevy pickup sales rise 12 percent, in that case these goods are _____ as well as their cross elasticity coefficient is approximately _____. (w) complements; 0.6. (x) substitutes; 0.6. (y) substitutes; 1.67. (z) inferior; 1.67.

Hello guys I want your advice. Please recommend some views for above Economics problems.

View Complete Question

Related Questions in Microeconomics

Q : Consuming a grouping of goods problem A

A household utmost it’s utility by consuming a grouping of goods which exhausts income when, for each and every good, the: (i) Marginal utilities are equivalent. (ii) Prices are equivalent. (iii) Ratios of marginal utility or price are equivalen

Q : Arbitrager-individual or organization

The arbitrager is an organization or individual that will: (1) Simultaneously purchase low and sell high in various markets. (2) Create disparities among prices in various markets. (3) Resolve disputes among sellers and consumers. (4) Purchase low and

Q : Kinked demand curves and sticky prices

Sticky prices within oligopoly markets are: (w) predicted by the kinked demand curve model. (x) substantiated by many statistical studies. (y) most common for highly differentiated products. (z) a result of price discrimination.

Q : Normative objectives for microeconomic

Extensively accepted normative objectives for microeconomic comprise: (1) full employment and balanced economic development. (2) a stable price level and maximum purchasing power. (3) efficiency, equity and freedom. (4) job security and equality within the distributio

Q : Economies of Scope-Firms using

Firms which use similar production facility or groups of inputs to concurrently generate various kinds of products are taking benefit of: (1) Tax loop-holes. (2) Variegated production. (3) Economies of scope. (4) Economies of scale. (5) Monopoly power.

Q : Capital intensive forms of production

Can someone please help me in finding out the accurate answer from the following question. Associative to firms that do not practice the wage discrimination, firms which wage-discriminate tend to: (1) Forego highest gains by hiring the less productive workers. (2) Dis

Q : Price elasticity of supply of commodity

Determine the price elasticity of supply of a commodity whose straight line supply curve passes via the origin forming an angle of 45 degree/75 degree? Answer: Unit

Q : Who tries to buy low in expectation for

A person who tries to buy low within expectation of being capable to sell high later is: (w) profiteer. (x) speculator. (y) financial intermediary. (z) capital supplier. Hello guys I want your advice. Please recommend some views fo

Q : Problem on Laws and Regulations Can

Can someone please help me in finding out the accurate answer from the following question. Raised demand for beer would be most probable to follow a fall in the: (1) Legal drinking age. (2) Price of ale. (3) Price of hard liquor. (4) Price of wine.

Q : Problem regarding to demography of

Onto average, African-Americans into the U.S., when compared to whites: (1) earn lower incomes. (2) have less education. (3) experience higher rates of unemployment. (4) are less likely to be capable to retire on Social Security. (5) All of the above.

Discover Q & A

Leading Solution Library

Avail More Than 1429424 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1952426
Asked

3,689

Active Tutors

1429424

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment