1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
mylen [45]
3 years ago
14

If the price of jelly goes up by 10 percent, we observe a decrease in the quantity demanded of peanut butter of 20 percent. the

cross-price elasticity of these goods is:
Business
1 answer:
Sedaia [141]3 years ago
6 0
Cross price elasticity refers to the measure of responsiveness of the quantity demanded of a product to a change in price of another good. 
From the question given above, 
cross price elasticity = -20% / 10% = -2.
The cross price elasticity for the goods above is - 2. Which means that the goods are not substitutes. 
A positive cross price elasticity which is greater than zero means that the goods are substitutes.
You might be interested in
Kermit calculated his total asset turnover to be 1.13. this tells kermit that:
Vikki [24]
Since Kermit calculated his total asset turnover to be 1.13, this tells Kermit that <span>every dollar of assets generates $1.13 in sales.

</span>Please note that it is useful to add the options provided with the question, in order to get an accurate answer and have your question answered quicker.

Hope this helps!!
3 0
3 years ago
Mike and Sandy are two woodworkers who both make tables and chairs. In one month, Mike can make 4 tables or 20 chairs, where San
mylen [45]
C 5 tables for mike and 1/3 table for sandy
3 0
3 years ago
Short-term price reductions that can be used to retaliate against a competitor's actions like introducing a new product are call
vlada-n [284]

Short-term price reductions that can be used to retaliate against a competitor's actions like introducing a new product are called deals.

Instead of considering an asset's long-term fundamentals, short-term trading mostly concentrates on price action. This trading strategy looks for market volatility around significant economic data releases, corporate earnings, and political events in an effort to profit from sudden changes in market prices.

A mutual agreement or communication between two or more parties that intend to conduct business is referred to as a business deal. The transaction is typically carried out between a seller and a buyer to exchange valuable assets including money, products, services, and information.

Learn more about Short-term price here  brainly.com/question/16968866

#SPJ4

4 0
2 years ago
Why is it important for a partnership agreement to spell out managerial responsibilities and financial arrangements?
alina1380 [7]
It is important so no one in the agreement screws the other person over
5 0
3 years ago
Your vehicle's _____ affects its inertia.
Paul [167]

Answer:

Your vehicle's brakes affects its inertia.

Explanation:

Newton's first law of motion: "An object at rest stays at rest and an object in motion stays in motion with the same speed and in the same direction unless acted upon by an unbalanced force." So the build up of inertia can only be affected by the vehicles brakes. If it's an act outside of the vehicle's control the answer may be road or weather conditions.

3 0
2 years ago
Other questions:
  • Benton County includes an independent school district and two individually chartered towns within the County. Benton County’s Tr
    13·1 answer
  • A polite way to ask your boss for the training manual
    9·2 answers
  • Perfect competition is a market in which there are​ _____ firms, each selling​ _____ product; many​ buyers; _____ to the entry o
    12·1 answer
  • Samuel owns a bond with a par value of $5,000 and a coupon rate of 5 percent. he will receive _____ in annual interest until the
    12·1 answer
  • Anita’s take-home pay is $2200 a month. she spends 14% of her take-home pay on groceries. How much is Anita’s monthly grocery bi
    10·1 answer
  • For each of the items indicate whether its amount affects the bank or book side of a bank reconciliation and is an addition or a
    11·1 answer
  • Bradshaw Company provided the following data: Standard fixed overhead rate (SFOR) $5 per direct labor hour Actual fixed overhead
    9·1 answer
  • A ground-dwelling plant grows along a chain-link fence
    13·1 answer
  • 2. What are the ways of forecasting cost of sales?
    5·1 answer
  • The business orientations typical of organizations have evolved over time; in the early years of the United States, a ________ o
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!