If Good C increases in price by 30 % a pound, and this causes the quantity demanded for Good D to increase by 40% , what is the cross-price elasticity of the two goods? Round your answer to one decimal place. What is the relationship between the two goods? Complements no relationship substitutes

1.3

Substitutes

Step-by-step explanation:

Cross price elasticity,Edc = percentage change in Quantity demanded of D / percentage change in Price of C

Good C increases in price by 30 % a pound

Good D to increase by 40%

Cross price elasticity, Exy = percentage change in Quantity demanded of D / percentage change in Price of C

= 40% / 30%

= 1.333

To one decimal place = 1.3

When Edc > 0, Quanrity demand of good D and Price of good C

are directly related. D and C are substitutes

The goods are substitute

the answer is d on edge

step-by-step explanation:

, and

for

step-by-step explanation:

we can analyze the pattern at which the terms increase. let us denote , , , so that we can call

note the following:

the pattern: to get the next term value, we just add the next term number (e.g. 1st, 2nd, to the previous term value (term values are the given numbers in the question, 1, 3, 6, 10, 15,

from , to get to , we add

from , to get to , we add

etc.

we need to form a recursive formula, a formula that has the next term as a function of the previous term. so a possible recursive formula can be

, and for