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maksim [4K]
3 years ago
10

One winter​ recently, 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. What is the cross elasticity of demand for refinishing products with respect to the price of antique furniture​?
Social Studies
1 answer:
Monica [59]3 years ago
8 0

Answer:

The cross-price elasticity is - 0.8.

Explanation:

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.

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Social security number is an example of a.a numerical variable. b.a categorical variable. c.either a numerical or a categorical
satela [25.4K]

Answer: b.a categorical variable.

Explanation:

In numerical variables, such as rainfall measured in inches or the number of sales in a day, the numbers have a numerical meaning. But a categorical variable is a category such as gender and national origin. It can be represented as a number, like the Social security number, but the numbers won´t have a numerical value. If your SSN is bigger than mine, it doesn´t mean that you are greater or at a different level on a scale, because the numbers are used as categories, not as mathematically meaningful.    

6 0
3 years ago
"Two very different emotions, like fear and anger, are nevertheless both characterized by negative valence and high arousal. Lis
Crazy boy [7]

Answer:

Core affect; conceptualization process

Explanation:

According to Lisa Lisa Feldman-Barrett, fear and anger share a core affect, but the emotional experience differs based on the conceptualization process. Different emotions have different core affect. While happiness and sadness are usually as a result of the psychological needs, also known as the hedonic value of the stimulus, fear and anger are due to the need for safety, which implies the way the stimulus occurs.

4 0
3 years ago
From 1985 to 2005, the Supreme Court's ideological balance
nikklg [1K]

Answer:

a

gradually became more liberal.

Explanation:

From 1985-2005, the Supreme Court became gradually more liberal before becoming more conservative for a time and then more liberal again. It is likely that with the addition of Gorsuch and Kavanaugh that the Court will shift Conservative again.

5 0
3 years ago
Client on a surgical unit has developed an infection at the site of a diagnostic laparoscopy. this type of infection is best ter
Whitepunk [10]

Client on a surgical unit has developed an infection at the site of a diagnostic laparoscopy. this type of infection is best termed as Iatrogenic infection

<h3>What is Iatrogenic infection?</h3>

Iatrogenic are those that are brought on by medical or surgical procedures and result in a new sickness or damage. An iatrogenic incident may worsen an existing medical disease or result in health problems unrelated to the ailment for which you first sought treatment.

  • Iatrogenic incidents can result from a wide range of medical errors or omissions.
  • There is no specific cause, ailment, or condition connected to these events, which may take place during a hospital stay or a typical doctor's appointment.
  • Iatrogenic incidents may result in health issues, such as mental or emotional disorders or even death in rare circumstances.

Learn more about Iatrogenic infection, visit: brainly.com/question/27897106

#SPJ4

8 0
2 years ago
A recent Supreme Court ruling means that Mark can now marry his life partner, John. This possibility has caused Mark to think mo
OLga [1]

Answer:

The correct option is: <u>macrosystem</u>

Explanation:

Bronfenbrenner's bioecological model of development, previously known as the ecological systems theory, includes the development of human beings in their environment. Five ecological systems are described in this model.

The macrosystem is one of the five ecological systems. It describes the large cultural or social environment of an individual, which includes laws.

<u>Therefore, the ruling of the supreme court is a part of Mark and John's </u><u>macrosystem</u><u>.</u>

3 0
3 years ago
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