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iragen [17]
3 years ago
11

If the price of Product E decreasing by 2% causes its quantity demanded to increase by 14% and the quantity demanded for Product

F to increase by 17%, what is the cross-price elasticity of demand? Round your answer to one decimal place. What is the relationship between these goods? A) no relationship
B) complements
C) substitutes
Business
1 answer:
Reika [66]3 years ago
5 0

Answer:

B) complements

Explanation:

The cross elasticity shows a relationship between the percentage change in quantity demanded with the percentage change in the price.

In case of the substitute goods, the relation between the price and the quantity demanded is positive that means if the price of goods increased than the quantity demanded is also increased

And, In case of the complementary goods, the relation between the price and the quantity demanded is  negative that means if the price of goods increased than the quantity demanded is decreased

According to the given situation, the most appropriate option is B.

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The number of dependents that people are choosing to have is ?
joja [24]

Current demographic trends show that the number of dependents that people choose to have is <u>Decreasing</u>.

<h3>What is the trend in dependants?</h3>

A general trend that has been noticed in recent years is that people are choosing to have less dependants such as children.

The top reasons for this include more education and increased economic hardship.

Find out more on trends in population growth at brainly.com/question/521129.

#SPJ1

5 0
2 years ago
The extent to which the dominant values in a society emphasize aggressiveness and the acquisition of money and other possessions
klasskru [66]

Answer:

masculinity

Explanation:

Geerte Hofstede's theory of national cultural established 5 dimensions:

  • Power distance (PDI)
  • Individualism versus collectivism (IDV)
  • Masculinity versus femininity (MAS) : masculinity emphasizes ambition and wealth accumulation, while femininity emphasizes caring and nurturing behaviors, environmental awareness and gender equality.
  • Uncertainty avoidance (UAI)
  • Long-term orientation (LTO)

3 0
3 years ago
Per Chevron’s 3Q 2013 filing, what was the percentage change in the cost of purchased oil products when comparing nine months en
zalisa [80]

Answer:

Per Chevron 3Q 2013 Filling:

The percentage change in the cost of purchased oil products nine months to September 30, 2013 when compared to nine months in 2012 was:

2.47%

Explanation:

a) Data and Calculations:

Cost of purchased oil products:

2013       $34,822,000,000

2012       $33,982,000,000

Change $840,000,000

Percentage Change = $840/$33,982 x 100

= 2.47%

b) The implication is that Chevron's cost of purchased oil products in third quarter of 2013 increased by 2.47% when compared with the same period in 2012.  This percentage change is calculated by subtracting the Q3 2012 cost of purchased oil products from the Q3 2013 cost of purchased oil products and then dividing the difference by the Q3 2012, and multiplying by 100.  The change could be caused by increases in the price of oil products or other variables.

5 0
3 years ago
What are the biggest problems of scarcity in the US? What problems have they caused? How does scarcity impact you?
liraira [26]

Answer:

Many people believe that the United States is the land of opportunity, and that anyone can succeed

with hard work and intelligence. Concurrently, we often assume that people are poor because they lack

the willpower or intellect to work hard and make the correct decisions. However, new research shows

how a scarcity of resources, including financial resources, shapes everyone’s decisions and behaviors

Explanation:

4 0
3 years ago
Suppose the United States removes the sugar quotas and the market price of sugar drops. Since sugar is an input in chocolate, we
8090 [49]

Answer:

The consumer surplus will definitely increase.

Explanation:

The reason is that the manufacturers have purchased the sugar at a high price and now it is available at a lower price. So this means that the price of chocolate must decrease in the market if the price of material input is fallen. But the chocolate prices will take time to fall and as the result the customer is willing to pay lower prices but he is forced to pay more because the manufactured chocolates include sugar which was bought at a higher price. So the consumer surplus will increase.

4 0
3 years ago
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