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:
The difference in how Democrats and Republicans view Vaccines, and who they get their advice from.
Explanation:
I hope this helps, and thanks! Brainliest please! God bless!
Answer:
... parts that could be worn
Explanation:
For me
The more we review/study about a subject the higher the value of our advancement/advantage/grade..
True because Physical changes alter only the size, shape, form or matter state of a material. Water boiling, melting ice, tearing paper, freezing water and crushing a can are all examples of physical changes. On the other hand, chemical changes are a bit different. In a chemical change, a new substance is formed.