1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
erica [24]
2 years ago
15

Cross-elasticity of demand is: a.the willingness to substitute other products. b.a factor in determining resale price maintenanc

e. c.a factor in determining the geographic market. d.all of the above
Business
1 answer:
erik [133]2 years ago
3 0

Cross-elasticity of demand is a) the willingness to substitute other products.

If the goods are alternative products, the cross elasticity of demand is tremendous which means that demand for one product will increase when the charge of the alternative product will increase and vice versa

If the products are complementary, go elasticity of demand is terrible which means that once the fee of 1 product will increase, demand for the opposite product decreases and vice versa.

The go-rate elasticity formulation is an equation for calculating the pass-price elasticity of call for (XED) of separate services or products: go rate elasticity (XED) = (% change in call for of product A) / (% alternate of fee of product B), wherein merchandise A and B are exceptional services.

In economics, the pass elasticity of call for or go-price elasticity of demand measures the percentage change of the quantity demanded an awesome to the percentage change in the fee of another proper, ceteris paribus.

The cross elasticity of call for is an economic concept that measures the responsiveness in the amount demanded of one good while the fee for some other correct modifications.

Learn more about Cross-elasticity here brainly.com/question/22985521

#SPJ4

You might be interested in
Consider two occupations (A and B) in which people have the same skills and abilities. When employed, workers in the two occupat
Crank

Answer: The hourly wage will be higher in occupation B.

Explanation:

From the information given in the question, workers in occupations A and B possess the same skills and abilities as work for the same number of hours. The difference between both occupations is that there is stability of employment for workers in occupation A while there are seasonal layoffs in occupation B.

Due to the seasonal changes in occupation B, the hourly wage will be higher in occupation B. Workers in occupation B need to be compensated in order to overcome the layoffs and uncertainties.

8 0
3 years ago
Which of the following situations leads to an unplanned increase in inventories of $2.0 trillion? A. real GDP = $5.0 trillion an
timama [110]

Answer: C. real GDP = $6.0 trillion and aggregate planned expenditures = $4.0 trillion

Explanation:

Unplanned Inventory arises when Real GDP is larger than Planned Expenditure because it must satisfy the below formula,

Real GDP = Planned + Unplanned expenditure

For Option C,

Real GDP = 6.0 trillion,

Planned expenditure = 4.0 trillion

Unplanned Expenditure = Real GDP - Planned Expenditure

= $6.0 trillion - $4.0 trillion

= $2.0 trillion

Therefore Option C is correct as it led to a $2.0 trillion increase in Expenditure which translates to inventory.

5 0
3 years ago
NG MEANING Based on the context in which it is used, what does it mean if you<br> are "maxed out"?
Ann [662]

Without having the context that you are referring to "maxed out" can mean several things such as a credit card being at the limit and no more credit is available. I will post other examples below of the phrase "maxed out."

Further Explanation:

When a credit card is "maxed out" it means that the cardholder has spent all of the credit line that they have been given. The cardholder will have to pay down their interest and principal on the card to get more credit on the card.

It could also be when someone is "maxed out" with their exercising or lifting. They can't do anymore since they have maxed out at their limit.

Another example of "maxed out" is when a person has reached their limit and can't take anymore of school, work, or even friends.

One last example is "maxed out" on a game. A person who is "maxed out" on a game may of reached the highest level of the game. In a game, it could mean that the amount of supplies that a player can get is "maxed out." The player may have to pay to get more storage or use some items that they may have. They may also have the option to upgrade, depending on the game.

Learn more about maxing out at brainly.com/question/806666

#LearnwithBrainly

6 0
3 years ago
Required courses taken outside of a major &amp; Beyond the general education requirements are called?
Alexus [3.1K]
<span>What courses taken outside of a major and beyond the general education requirement are called?<span>These classes are referred to as electives.</span></span>
7 0
3 years ago
Edna had an accident while competing in a rodeo. She sustained facial injuries that required cosmetic surgery. While having the
Strike441 [17]

Answer:

C) $9,000

Explanation:

I guess Edna is a professional rodeo cowgirl. Any surgery done to treat her injuries caused by an accident while competing should be deductible. In this case the $9,000 spent to restore her appearance. But other surgeries for non-related cosmetic purposes are not deductible, e.g. chin surgery.

8 0
2 years ago
Other questions:
  • Consider the following items: (a) Decrease in accounts receivable (f) Gain on the sale of equipment (b) Issuance of common stock
    12·1 answer
  • What most likely will happen if the pie maker bakes a seventh pie?
    8·2 answers
  • When a scientific number is the result of a measurement using equipment such as a balance, the last digit is ______?
    13·1 answer
  • Which of the following is true of a person with a high credit score?
    13·1 answer
  • "?________ the owners of the factors of? production, while? ________ what amounts of those factors to hire."
    10·1 answer
  • Lola is a purchasing agent for her company. She has just submitted a purchase order to the supplier. What step in the purchasing
    14·1 answer
  • Many entire vocations in the United States have disappeared in the last few decades. Which of the following is a possible explan
    9·2 answers
  • What is the difference between the conditions of secured and unsecured loans?
    14·1 answer
  • Why do neoclassical economists tend to put relatively more emphasis on long-term growth than on fighting recession?
    6·1 answer
  • Which system supports business processes end to end? group of answer choices management system accounting system enterprise syst
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!