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
= 
= 
= - 0.8
The cross price elasticity is negative which means that the goods are complements.
Answer:
<em><u>So, product markets are the ones where goods and services are bought and sold. Resource markets is where businesses buy the things that they need in order to produce the goods and services.</u></em>
Answer:. Recruiting and nominating candidates · 2. Educating the electorate about campaign issues · 3. Helping candidates win elections
Explanation:
C middle eastern eliminate.
Explanation:
The French and Indian War began in 1754 and ended with the Treaty of Paris in 1763. The war provided Great Britain enormous territorial gains in North America, but disputes over subsequent frontier policy and paying the war's expenses led to colonial discontent, and ultimately to the American Revolution.
