Answer:
A. positive cross-price elasticity of demand
Explanation:
For substitute goods we always have a positive cross-price elasticity of demand. The cross elasticity of demand for substitute goods is always positive because the demand for one good increases when the price for the substitute good increases.
For example, if the price of a
brand of beverage increases, the quantity demanded for a substitute beverage increases, this happens because consumers will quickly switch to a less expensive yet substitutable alternative. In the cross elasticity of demand formulae both the price and product are positive.
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The parliament hope to save <span>the British East India Company from ruining by passing the tea act.
Hope this helps :))
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Polyester<span> is a thread is made from a plastic compound. Its super cheap to make and that is why it is so widely used.</span>
Answer:
1. D. 10 2. C. 7 3. B. 5 4. B. 3 5. B. 6
Explanation:
1. D
2. C
3. B
4. B
5. B
