Answer:
The coefficient of cross elasticity of demand is negative, and therefore these goods are complements.
Explanation:
Cross elasticity of demand is the proportionate change in the quantity demanded to the proportionate change in the price of the related goods.
Cross elasticity of demand is negative in case of complementry goods as proportionate increase in price of one goods lead to decrease in the demand of related goods as both are complimentry and demanded jointly. Example: Petrol and car.
Cross elasticity of demand is positive in case of subtitute goods as proportionate decrease in price of one goods lead to decrease in the demand of substitute goods. Example: Tea and Coffee.
Indeed, I trust the organization's CEO ought to uncover the substance of the horrible report with district agents, yet I likewise figure they ought to uncover the second report appearing there was no issue with the manure. I believe it's best for business to be transparent with the goal that another person doesn't uncover just 50% of your discourse and influence the organization to look terrible
Answer:
Innovation for new products occurs which keeps firms competitively challenged
Explanation:
Free trade can be regarded as a
theoretical policy , that governments use when there is no imposition of
tariffs/taxes, as well as duties on imports as well as exports.
free trade can be regarded as the opposite of protectionism. It should be noted that One advantage of free trade is Innovation for new products occurs which keeps firms competitively
The answer to the question is going to be C. Draw a conclusion from the case study
Answer:
The correct answer is option d.
Explanation:
Suppose there is an economic growth the production possibility frontier will shift outwards. This will increase the production of both goods.
Suppose there is a technological advancement in the toy industry and no technological change in the greeting card industry. This means that the production of toys will require fewer resources. The excess resources can be used to increase the production of both toys and greeting cards.
Similar will be the case if there is a technological advancement in the greeting card industry and no change in the toy industry.
