Answer:
II and III ( 2 and 3)
Step-by-step explanation:
The quadrants are numbered counter clockwise, with the top right being number I
II I
III IV
The ones having negative x values are II and III ( 2 and 3)
Answer:
eY is positive +0.1 therefore bagels are a normal good.
Step-by-step explanation:
Given data:
when, 10% rise in cheese price, 3% fall in bagels quantity observed
when, 10% rise in income, 1% fall in bagels quantity observed
from formula for cross price elasticity of demand, determine
As, eAB is negative, bagels $ cream cheese are complements.
By formula for income elasticity of demand,
we find that
Since eYis positive, bagels are a normal good.
Answer:
10 2/3
Step-by-step explanation:
Multiply 4 and 2 and then multiply 2 and 4. If you do that then you get 8 8/3. You then just take the numerator and turn it into whole numbers to get 10 2/3.