Consider the market for peanut butter. Suppose the price of jelly increases from $2.00 to $2.25 per jar. As a result, the demand for peanut butter decreases from 295 to 279 jars. Using the midpoint formula, what is the cross-price elasticity of demand for peanut butter? nothing. (Enter a numeric response using a real number rounded to two decimal places. Don't forget the minus sign.) Suppose the cross-price elasticity of demand for peanut butter with respect to the price of jelly is negative 0.10. In this instance, peanut butter and jelly are â–¼ substitutes complements .
Answers: 1
Another question on Business
Business, 21.06.2019 19:20
What is the most direct result of free trade supplying productive resources to areas where they're most needed? a. enhanced efficiency b. lower interest rates c. increasing specialization d. greater competition 2b2t
Answers: 3
Business, 21.06.2019 21:50
You have $22,000 to invest in a stock portfolio. your choices are stock x with an expected return of 11 percent and stock y with an expected return of 13 percent. if your goal is to create a portfolio with an expected return of 11.74 percent, how much money will you invest in stock x? in stock y?
Answers: 2
Business, 22.06.2019 07:30
Select the correct answer the smith family adopted a child. the adoption procedure took about three months, and the family incurred various expenses. will the smiths receive and financial benefit for the taxable year? a) they will not receive any financial benefit for adopting the child b) their income tax component will decrease c) they will receive childcare grants d) they will receive a tax credit for the cost borne for adopting the child e) they will receive several tax deductions
Answers: 3
Business, 22.06.2019 11:40
If kroger had whole foods’ number of days’ sales in inventory, how much additional cash flow would have been generated from the smaller inventory relative to its actual average inventory position? round interim calculations to one decimal place and your final answer to the nearest million.
Answers: 2
You know the right answer?
Consider the market for peanut butter. Suppose the price of jelly increases from $2.00 to $2.25 per...
Questions
History, 01.10.2019 18:50
English, 01.10.2019 18:50
Computers and Technology, 01.10.2019 18:50
English, 01.10.2019 18:50
Biology, 01.10.2019 18:50
History, 01.10.2019 18:50
Mathematics, 01.10.2019 18:50
Biology, 01.10.2019 18:50
Computers and Technology, 01.10.2019 18:50
Social Studies, 01.10.2019 18:50
