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.
Not only did he gain independence for India through non-violent methods, but he also brought peace and human rights to his country. Mahatma Gandhi fought against the Britishers to get back basic human rights for all indians. He led non-violent protests with his followers throughout many cities.
Making money. The rest would be losses not profits.
The Correct option is <u>c. respect for the wisdom of the elderly</u> is not a core ideal of u.s. overarching culture.
Culture can be defined as all the ways of life including arts, beliefs and institutions of a population that are passed down from generation to generation.
Culture is the lifeblood of a vibrant society, expressed in the many ways we tell our stories, celebrate, remember the past, entertain ourselves, and imagine the future.
Culture has been called "the way of life for an entire society." As such, it includes codes of manners, dress, language, religion, rituals, and art. The major elements of culture are symbols, language, norms, values, and artifacts.
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