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kozerog [31]
3 years ago
13

Suppose the price of pepperpepper increases by 1010 percent​ and, as a​ result, the quantity of saltsalt demanded​ (holding the

price of saltsalt ​constant) increasesincreases by 55 percent. the​ cross-price elasticity of demand between pepperpepper and saltsalt is nothing. ​(enter your response rounded to two decimal places and include a minus sign if​ appropriate.) in this​ example, pepperpepper and saltsalt are ▼ substitutessubstitutes complementscomplements not relatednot related . ​instead, suppose pepperpepper and saltsalt were complementscomplements. if​ so, then the​ cross-price elasticity of demand between pepperpepper and saltsalt would be
Business
1 answer:
Mazyrski [523]3 years ago
6 0
<span>The cross-price elasticity of demand between salt and pepper is -0.50 In this example salt and pepper are Complements. Instead, suppose salt and pepper were substitutes. If so, the the cross-price elasticity of demand between salt and peeper would be positive.</span>
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determine cash investing and financing transactions made during the period.

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The term _______________ refers to a firm operating in a perfectly competitive market that must take the prevailing market price
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The term <u>price taker</u> refers to a firm operating in a perfectly competitive market that must take the prevailing market price for its product. Read below about a perfectly competitive market.

<h3>What is a perfectly competitive market?</h3>

In economics, a perfect market is also known as an atomistic market. A effect competition is defined by several idealizing conditions, collectively called perfect competition, or atomistic competition.

Therefore, in such a market the price taker must take the prevailing market price its product.

learn more about price taker: brainly.com/question/15416827

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