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
barxatty [35]
2 years ago
9

If the cross-price elasticity of two goods is negative, then the two goods are a. inferior goods. b. normal goods. c. complement

s. d. necessities.
Business
1 answer:
Solnce55 [7]2 years ago
4 0

Option C. If the cross-price elasticity of two goods is negative, then the two goods are <u>complements.</u>

<u></u>

<u></u>

<u></u>

What is Cross-Price Elasticity?

  • Cross-price elasticity measures how sensitive the demand of a product is over a shift of a corresponding product price.
  • Often, in the market, some goods can relate to one another.
  • This may mean a product’s price increase or decrease can positively or negatively affect the other product’s demand.
  • A price increase of a complementary product will lead to lower demand or negative cross-price elasticity, and a price increase in a substitute product will lead to increased demand or a positive cross-price elasticity.
  • Unrelated products have zero cross-price elasticity.
  • For substitute products, an increase in the price of a substitute product increases the demand for the competing product.
  • This is often because consumers always try to maximize utility.
  • The less they spend on something, the higher the perceived satisfaction.

To know more about cross- price elasticity , refer:

brainly.com/question/15308590

#SPJ4

You might be interested in
state courts have ruled that companies can be held liable for __________ if they fail to do adequate background checks. a. decep
Yakvenalex [24]

The correct option is (b) negligent hiring.

State courts have ruled that companies can be held liable for negligent hiring if they fail to do adequate background checks.

<h3>What is negligent hiring doctrine?</h3>

According to the doctrine of negligent hiring, a company is responsible for any injury its workers do to third parties if they knew or should have known that the employee posed a danger of doing so, or if a reasonable investigation would have revealed the risk.

The causes of negligence hiring are-

  • Whether the employee's unfitness was the cause of the injuries that resulted
  • Whether the employer knew or should have known (had the employer used ordinary care) of the employee's unfitness at the time of employment. Each state has a different liability standard.

An employer be concerned about negligent hiring and retention because-

  • An employer may be liable for real injuries, pain and suffering, and even punitive damages if they fail to discipline an employee who poses a danger of injury to coworkers, clients, and others.
  • The company may be held liable if these employees go on to commit careless or reckless conduct that could endanger others.

The elements of a negligent retention claim include all of the following:

  • An affiliation with a company.
  • The employee's lack of expertise.
  • The employer may have had actual or constructive awareness of the ineptitude.
  • An employee's action or inaction that resulted in the plaintiff's injuries.

To know more about the negligent hiring with example, here

brainly.com/question/24208900

#SPJ4

5 0
2 years ago
Suppose Sepracor, Inc. called its convertible debt in 2020. Assume the following related to the transaction. The 10%, $10,000,00
tatuchka [14]

Answer:

Explanation:

To record the conversion:

Dr Debt conversion expense 68,000

Dr Bonds payable 10,000,000

Cr Discount on bonds 51,000

Cr Common stock 1,000,000

Cr Paid in capital in excess of common stock 8,949,000

Cr Cash 68,000

8 0
3 years ago
Lenders reserve their lowest interest rates for
Levart [38]

Mortgage lenders prefer candidates that can prove steady employment for at least the past two years. Long periods of unemployment won’t bode well for your application, and neither will a pattern of declining earnings. In a perfect world, you have been on the same job for at least the last two years, or have made a job change to a higher paying position in that time.


8 0
3 years ago
Pemco Enterprises sells annual membership to its shooting lodge. The memberships cost $240 each. On January 1, Pemco sold 2,000
jenyasd209 [6]

Answer:

Option C. $480,000

Explanation:

The reason is that the consideration (Services of memberships which has monetary value) of the contract to deliver the subscribers has been delivered by the Pemco Enterprise which was active their member account and let them enjoy the services which they provide so the sales would be the amount that the company is legally entitled to receive after delivering the consideration of the contract and is $480,000 ($260 * 2000 memberships).

5 0
4 years ago
A new restaurant has introduced a wildly popular macaroni and cheese dish made with goat cheese. however, at approximately the s
bixtya [17]

How do the price and quantity of goat cheese change? The price of goat cheese will likely rise because there is less being produced and able to be consumed. The quantity of goat cheese is not able to be determined by the information provided in the question.

7 0
3 years ago
Read 2 more answers
Other questions:
  • Miller is the owner of a restaurant that has several franchises. One of the franchisees owes Miller a sum of $18,000 for the goo
    9·1 answer
  • The process by which invest on margin accounts are credited or debited to reflect daily trading gains or losses is referred to a
    6·1 answer
  • States use different types of trade strategies to try to improve economic outcomes, some are more "classic liberal," believing t
    7·1 answer
  • How many pounds of garbage does the average american produce each day
    6·2 answers
  • Balsco's balance sheet shows total assets of $238,000 and total liabilities of $107,000. The firm has 55,000 shares of stock out
    10·1 answer
  • On July 1, based on prior experience, Rocky estimated there is a 40% chance it will earn the bonus for July tours. It guided a t
    7·1 answer
  • Although the Chen Company's milling machine is old, it is still in relatively good working order and would last for another 10 y
    10·1 answer
  • The following account balances were taken from the adjusted trial balance for Capstone Messenger Service, a delivery service fir
    15·1 answer
  • When companies purchase technology from Conversica to reduce the variability of the human component of their service offerings,
    7·1 answer
  • (50 points) What is the combination of what you own, earn, and invest minus the debt you owe on those things called?
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!