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aksik [14]
3 years ago
11

Which scenario below is an example of complementary products, based on their cross-price elasticity?A. Bananas and lettuce, with

an elasticity of 0. B. Shampoo and conditioner, with an elasticity of 3.5. C. Coffee and tea, with an elasticity of 2.25. D. Green salsa and red salsa, with an elasticity of 2.75.
Business
1 answer:
ipn [44]3 years ago
3 0

Answer: B. Shampoo and conditioner, with an elasticity of -3.5.

Explanation:

Complimentary products are those which see their quantity demanded move together because the goods usually compliment each other like tea and sugar.

Their Cross-price elasticity shows this by being a negative figure. This is because when the price of one commodity goes up, the quantity demanded of the other goes down because higher prices lead to lower quantity demanded.

The actual question showed that Conditioner and Shampoo had a cross-price elasticity of -3.5 so this is the correct answer.

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Answer:People's Republic of China

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Explanation:

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Which statement describes the code of conduct of a person entering an agreement?
kow [346]

Answer:

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OleMash [197]

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Galina-37 [17]
In a competitive labor market, when the government increases the minimum wage, the result is an increase in the quantity of labor supplied and a decrease in the quantity of labor demanded. More people want to work when there is an increase in what they will be paid for their work. As more jobs are filled and less vacant ones are available the quantity of labor demanded goes down because these people are filling the jobs. 
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