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babunello [35]
3 years ago
15

If the price of good X increases by 2%, and that causes the quantity demanded of good Y to increase by 10%, then the cross-price

elasticity of demand for good Y, with respect to the price of good X, is ________ ,and the two goods are _______.
Business
1 answer:
saul85 [17]3 years ago
4 0

Answer:

The cross elasticity of good X 5%, divide 10% of change in demand from the 2% of price increase in good Y.

The two goods are SUBSTITUTE Goods.

Explanation:

In substitute goods, when the price of one good increases, people start using less of that good and move onto use cheaper other goods that can be used instead of that good.

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The gross domestic product is answer
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sean, 17, a snowboarder, signs a long-term endorsement agreement for sportswear. he endorses the products and deposits his compe
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A settlement made with the aid of using a minor is frequently voidable, however a minor can most effective keep away from a settlement all through his or her minority popularity and for an inexpensive time after he reaches the age of majority.  After an inexpensive length of time, the settlement is deemed to be ratified and cannot be avoided.

  • Facts of the case: Sean, 17, a snowboarder, signs a long-term endorsement agreement for sportswear. At age 19, he wants to void the agreement by claiming that he lacked capacity when he signed the deal at 17.
  • Rule of Law: Minor's Contracts are voidable at the option of Minor.
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8 0
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A visual of a map color-coded to indicate states' rates of consumer debt is an example of
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In tax year 2020, a married taxpayer with AGI of $300,000 had gross investment income of $6,150 (which included a long-term capi
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<h3 />

<h3>What is net investment income tax?</h3>

Net Investment Income Tax are generally imposed by the Internal Revenue on entities' net investment income.

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8 0
2 years ago
Grand Trunk Inc., a furniture manufacturing company, does not manufacture furniture until an order is received. It coordinates a
sleet_krkn [62]

Answer:

supply chain management

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Supply chain management -

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7 0
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