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Lady_Fox [76]
3 years ago
13

Suppose the price of salt increases by 25 percent​ and, as a​ result, the quantity of pepper demanded​ (holding the price of pep

per ​constant) increases by 4 percent. The​ cross-price elasticity of demand between salt and pepper is nothing. ​(Enter your response rounded to two decimal places and include a minus sign if​ appropriate.) In this​ example, salt and pepper are ▼ substitutes not related complements . ​Instead, suppose salt and pepper were complements. If​ so, then the​ cross-price elasticity of demand between salt and pepper would be A. negative. B. zero. C. positive. D. greater than 1. E. greater than minus1.
Business
1 answer:
Lisa [10]3 years ago
8 0

Answer:

Option (C)

Explanation:

As per the data given in the question,

Price of salt increases by = 25%

Quantity of pepper demanded increases by = 4%

Cross price elasticity = Quantity of demand increases ÷ Price of salt increases

= 4% ÷ 25%

=0.16  

Hence Cross-price elasticity of demand between salt and pepper would be positive.

So option (C) is answer

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Answer:

The statement is true

Explanation:

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To put it differently, any differences between the null value and the observed point estimate will be material and/or significant if the samples are large in shape and form.

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Answer: UNWTO

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Anit [1.1K]

When my supervisor presents me with multiple situations to see if I know when to implement a certain skill, (s)he clearly does not trust me to know what I am doing. The above statement is false.

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To learn more about skill with the given link

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Question:

When my supervisor presents me with multiple situations to see if I know when to implement a certain skill, (s)he clearly does not trust me to know what I am doing. State whether the statement is true or false.

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1 year ago
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2 years ago
Read 2 more answers
Richards Corporation had net income of $231,971 and paid dividends to common stockholders of $58,300. It had 55,100 shares of co
Karolina [17]

Answer:

It is 15.68 times

Explanation:

Price-Earnings Ratio = Market Price per share (MPS)/Earning per share (EPS).

Where EPS = $231,971 /55,100

                   = $4.21

Hence, Price-Earnings Ratio = 66/4.21

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P/E ratio shows the expectations of the market and is the price you  pay per unit of current earnings.

The  ratio is as well being used for valuing companies and to find out whether they are overvalued or undervalued most especially by the investors.

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4 years ago
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