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:
Personality
Explanation:
In psychology, the study of personality is one of the main branches of this science.
The study of personality involves the description and explanation of different patterns of thinking and behaving in terms of some traits that people have or don't (personality traits). These traits would usually explain the difference between people's patterns of feeling, thinking and behaving.
In this example, Professor Kelly's research involves describing and explaining similarities and differences in people's patterns of thinking, feeling, and behaving. Therefore, we can say that he most likely studies a Personality theory.
Answer:
American Revolutionary War
Explanation:
