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?
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
=
=
= - 0.8
The cross price elasticity is negative which means that the goods are complements.
There could be lots of meanings to the word money. It could be the literal definition like paper or coin currency. Or it could also be a way of showing power.
I think it changes for when the southern people get most of their delegates or maybe when there's most issues going on in the houses of representatives.
The "mirror test" consists of painting a red spot on the baby's forehead or nose, large enough so that he/she/they can see it easily, and place it in front of a mirror. If the child tries to touch the reflex, it means that he/she/they do not understand that the image is his/her/their own. But if /he/she/they try to clean or touch the spot on her face, it's because he/she/they already aware of her image.
The correct answer when you are doing this practice is that you are applying the FIT concepts to make an assignment. Metacognition is when you are actively engaging in cognitive processes and you plan to approach tasks by carefully monitoring and evaluating your progress to complete it.
