subject
Business, 26.03.2020 22:14 KingSam623

Economist X. M. Gao and two colleagues have estimated that the cross-price elasticity of demand between beer and spirits is 0.15 If so, then beer and spirits are substitutes Gao and colleagues have estimated that the cross-price elasticity of demand between beer and wine is 0.31 If the price of wine increases by 10 percent, then the quantity of beer demanded will â–¼| by â–¡ percent. (Enter your response rounded to one decimal place.) In addition, Gao and colleagues have estimated the income elasticity of demand for beer to be 0.09 If so, then beer is 0 A, a luxury that may be a normal good or an inferior good. O B. a normal good that is a necessity 0 C, an inferior good O D. a normal good that may be a luxury or a necessity O E. a normal good that is a luxury

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 19:40
Which of the following actions is most likely to result in a decrease in the money supply? a. the required reserve ratio for banks is decreased. b. the discount rate on overnight loans is lowered. c. the federal reserve bank buys treasury bonds. d. the government sells a new batch of treasury bonds. 2b2t
Answers: 1
question
Business, 21.06.2019 22:30
True or false: banks are required to make electronically deposited funds available on the same day of the deposit
Answers: 2
question
Business, 22.06.2019 08:30
Match each item to check for while reconciling a bank account with the document to which it relates.(there's not just one answer)1. balancing account statement2. balancing check registera. nsf feesb. deposits in transitc. interest earnedd. bank errors
Answers: 2
question
Business, 22.06.2019 19:00
The market demand curve for a popular teen magazine is given by q = 80 - 10p where p is the magazine price in dollars per issue and q is the weekly magazine circulation in units of 10,000. if the circulation is 400,000 per week at the current price, what is the consumer surplus for a teen reader with maximum willingness to pay of $3 per issue?
Answers: 1
You know the right answer?
Economist X. M. Gao and two colleagues have estimated that the cross-price elasticity of demand betw...
Questions
question
Mathematics, 10.06.2021 17:10
question
Mathematics, 10.06.2021 17:10
question
History, 10.06.2021 17:10
question
Mathematics, 10.06.2021 17:10
Questions on the website: 13722363