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

= $\frac{\Delta Qy}{\Delta Px}$

= $\frac{-8}{10}$

= - 0.8

The cross price elasticity is negative which means that the goods are complements.

8 0

3 years ago

Abnormal behavior is atypical behavior that from what is acceptable in a culture.

tigry1 [53]

Abnormal behavior is a typical behavior that is deviant from what is acceptable in a culture.

<h3>What is an abnormal behavior?</h3>

An abnormal behavior can be defined as a type of behavior that is typically deviant from the acceptable way of life, values, beliefs and other elements of culture.

This ultimately implies that, an abnormal behavior is a typical behavior that is deviant from what is acceptable in a culture.

Read more on abnormal behavior here: brainly.com/question/11483898

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3 0

1 year ago

your friend is 5 years less then half her mom's age. your friend is 15 years old. how is the mother. A 35 years old B 40 years o

lorasvet [3.4K]

Your answer should be A.

4 0

3 years ago

Most peoples of sub-Saharan Africa speak a language that is part of which family? A) Bantu B) Swahili C) Ashanti D) Egyptian

ankoles [38]

Swahili is spoken by a majority of the people in sub-Saharan Africa.

5 0

3 years ago