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Elena-2011 [213]
3 years ago
10

Which of the concepts below is a characteristic of a Veblen good?

Business
1 answer:
Aleonysh [2.5K]3 years ago
3 0

Answer:

The answer is B I think

Explanation:

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When the price of erasers increases from $1.50 to $2.50, the quantity demanded of pencils is unchanged. The cross-price elastici
Inga [223]

Answer:

d. 0; unrelated.

Explanation:

Cross elasticity of demand is the degree of responsiveness of demand for a particular product to a change in the price of another product.

A change in price of a product will lead to a change in demand for another product if the two goods are either goods of close substitutes or if they are complements. If two goods are not related, the change in price of one will not have any impact on the demand for the other good.

In this question, the cross elasticity is zero because biro and pencil are not related.

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3 years ago
What type of body language are helpful when saying no to a situation
Roman55 [17]
Not slouching. having good eye contact. have good hand gestures. 
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3 years ago
According to the video, what qualities do Carpenters need to have? Select three options.
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what video? there is no video

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2 years ago
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Labor unions are restrained in their wage demands because Multiple Choice
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Answer:

the labor demand curve is downsloping  is the correct option is  

Labor unions are restrained in their wage demands because the labor demand curve is downsloping

8 0
3 years ago
Data concerning three of the activity cost pools of Salcido LLC, a legal firm, have been provided below: Activity Cost Pool Tota
asambeis [7]

Answer:

Meeting with clients= $175 per meeting hour

Explanation:

To calculate the predetermined manufacturing overhead rate we need to use the following formula:

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Meeting with clients= 1,325,275/7,573

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3 years ago
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