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beks73 [17]
3 years ago
5

For which pairs of goods is the cross-price elasticity most likely to be positive? a. peanut butter and jelly b. bicycle frames

and bicycle tires c. college textbooks and iPods d. pens and pencils
Business
2 answers:
Artemon [7]3 years ago
7 0

Answer: the answer is a, peanuts and butter

Explanation:

A positive Cross price elasticity of two products indicate that the two goods are substitute that is, an increase in the price on one will bring about the increase of another meaning an increase in price of a peanut butter will lead to an increase in demand of jelly.

Levart [38]3 years ago
3 0

Answer: d. Pen and pencils.

Explanation:

Cross-price elasticity measures the degree of responsiveness of the demand for a certain good towards the change in the price of a related good. Percentage is used to measure cross-price elasticity.

In case of two goods like pens and pencils, cross price elasticity is positive. That is, if the price of a pen increases, it will lead to an increase in the demand for pencils. The propertional change in price of pens give a positive relative change in the demand for pencils.

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Answer:

$357,000

Explanation:

The stock of gallons of insecticide would be valued at the lower of cost or net realizable value.

The cost here is $357,000 when compared to net realizable amount of $819,000,the cost is lower,hence the stock of the insecticide would be shown in the balance sheet as an asset,supplies ,in the amount of $357,000

The supplies would an a current asset in the balance sheet,hence when it is used supplies would be credited while supplies expense is debited

6 0
3 years ago
Classify crimes in order according to the<br> severity of their potential sentences.
Vanyuwa [196]
The order is infraction being the least serious, misdemeanor, and then felony. 
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3 years ago
All else being equal, does elastic or inelastic demand curve result in higher social surplus? How does elasticity of supply affe
disa [49]

Answer:

An elastic demand curve will result in higher social surplus. Social surplus equals consumer surplus plus supplier surplus, or simply total surplus. The highest possible social surplus is reached at the equilibrium point.

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7 0
3 years ago
In the short run, expansionary monetary policy ___________ real gross domestic product (GDP), ___________ unemployment, and ____
iren2701 [21]

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a.raises; lowers; raises

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Because of rise of money supply, the supply of money in the economy would rise and the price level would rise.

I hope my answer helps you.

5 0
3 years ago
A federal agency that engages primarily in commercial activities, produces revenues, and requires greater flexibility than most
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Answer:

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