Answer:
A. positive cross-price elasticity of demand
Explanation:
For substitute goods we always have a positive cross-price elasticity of demand. The cross elasticity of demand for substitute goods is always positive because the demand for one good increases when the price for the substitute good increases.
For example, if the price of a
brand of beverage increases, the quantity demanded for a substitute beverage increases, this happens because consumers will quickly switch to a less expensive yet substitutable alternative. In the cross elasticity of demand formulae both the price and product are positive.
Answer:
The Sierra Madre Oriental is located at number( 3 )on the map above; this is easy to remember because “oriental” is the Spanish word for “EAST or EASTERN.”
Explanation:
Answer:
In order for oil producers in Sakhalin to decide to export, the world price must be below the domestic price ... FALSE
-As the country begins to export, producer surplus will increase... TRUE
-B/c the oil is produced domestically, residents of Sakhalin will pay less than the world price ... FALSE
-Even after trade is open, the producer surplus and consumer surplus will be equal ... FALSE
Providing a moderate, livable climate<span />
