Positive cross elasticities suggest that goods are ____ and negative cross-elasticities that goods are ?

Related Mcqs:

Market equilibrium exists when _________ at the prevailing price?

A. quantity demanded equals quantity supplied B. quantity demanded is less than quantity supplied C. quantity supplied is greater than quantity demanded D. quantity demanded is greater than quantity supplied...

A shift in aggregate supply is likely to ?

A. Reduce the general price level and reduce national income B. Reduce the general price level and increase national income C. Increase the general price level and reduce national income D. Increase the general price level and increase national income...

If a firm wage costs increase this will cause __________ and __________?

A. marginal cost to increase, output to fall B. marginal revenue to increase output to fall C. opportunity cost to increase the firm will close D. average cost will rise output will increase ____ output and an upward shift in marginal revenue ____ output...

An increase in price all other things unchanged leads to ?

A. Shift demand outwards B. Shift demand inwards C. A contractions of demand D. An extension of demand...

If your income doubles and the prices of the goods you buy double then your demand for these goods will likely?

A. increase B. not change C. decrease D. shift...