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NeX [460]
3 years ago
15

Suppose the cross-elasticity of demand for products A and B is 3.6, and for products C and D is -5.4. What can you conclude abou

t how products A and B are related
Business
1 answer:
nikitadnepr [17]3 years ago
3 0

Answer:

A and B are substitutes

Explanation:

Cross price elasticity of demand measures the responsiveness of quantity demanded of good A to changes in price of good B.

If cross price elasticity of demand is positive, it means that the goods are substitute goods.

Substitute goods are goods that can be used in place of another good.

If the cross-price elasticity is negative, it means that the goods are complementary goods.

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Andrej [43]

Answer:

D. All of the above.

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3 0
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What is the primary reason to issue stock?
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July 15 Declared a cash dividend payable to common stockholders of $169,000. Aug. 15 Date of record is August 15 for the cash di
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Answer:

Explanation:

The journal entries are shown below:  

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On Aug 15:

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      To Cash A/c $169,000

(Being dividend is paid is recorded)

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