Answer:
The cross-price elasticity is - 0.8.
Explanation:
The price of antique furniture increased by 10 percent and the quantity demanded decreased by 30 percent, and with no change in the price of refinishing products, the quantity of refinishing products demanded decreased by 8 percent.
The cross-price elasticity of demand measures the change in the demand for a product due to a change in the price of a related good. Negative cross-price elasticity means the goods are complements. Positive cross-price elasticity implies that the goods are substitutes.
Cross price elasticity
=
=
= - 0.8
The cross price elasticity is negative which means that the goods are complements.
Answer:
Shihuangdi was emperor of the Qin dynasty (221–210 BCE) and creator of the first unified Chinese empire.
Explanation:
Shihuangdi was emperor of the Qin dynasty (221–210 BCE) and the creator of the first unified Chinese empire. He is also known for his interest in immortality, his huge funerary compound that contains some 8,000 life-sized terra-cotta soldiers, and for his contribution to the Great Wall of China.
Serafina and the Black Cloak is fantasy novel in historical fiction setting written by Robert Beatty.
Explanation:
<u>This novel is about Serafina, a young adult who along with her friend is trying to find a man in the Black Cloak wh</u>o is responsible for the disappearance of many people in the neighborhood.
The story of the protagonist and the antagonist eventually becomes an ideological one however as the antagonist's motivations are cleared.
<u>While Serafina is towards the lawful side of things, the antagonist believes that chaos can be an instrument for the pursuit of truth.</u>
Answer:B
Explanation:The cotton gin made it easier to clean cotton so more cotton less value.
Answer:
It spells out Americans' rights in relation to their government. ... It guarantees civil rights and liberties to the individual—like freedom of speech, press, and religion. It sets rules for due process of law and reserves all powers not delegated to the Federal Government to the people or the States.