Cross elasticity coefficient complements

When college enrollments drop 10 % while textbook prices double, in that case textbooks and enrollments are _____ goods as well as their cross elasticity coefficient is approximately _____. (1) superior; 5.0. (2) inferior; 10.0. (3) substitute; 5.0. (4) complementary; 0.1. (5) implicit; 7.5.

Please guys help to solve this problem of Economics with some explanation.

View Complete Question

Related Questions in Microeconomics

Q : Problem regarding Craft Unions Can

Can someone help me in finding out the right answer from the given options. The craft unions historically tried to systematize all the workers in: (1) A specific company, in spite of size. (2) The United States. (3) The specific broad industry. (4) Relatively highly s

Q : Efficiency and Income Distribution Even

Even though property rights are fully given and cost-less enforced and transaction costs (i.e., information costs, contracting costs, and mobility costs) are nonexistent, in that case equilibria in all markets in a whole economy may a

Q : Determinants of the amounts of a good

Economics students are most probable to recall conceptually the different determinants of the amounts of a good which people will purchase when they contemplate how: (1) much they will expend and how much they will save out of their first few paycheck

Q : Discount coupons and trip afforded by

Relative to people along with lower incomes, and high-income families be likely to shop for groceries less often and use fewer discount coupons, although buy more throughout each trip, since: (w) their superior access to transportatio

Q : Revenue when short-run losses minimize

To minimize short-run losses, then a firm’s revenue should at least cover its short-run total as: (w) explicit costs. (x) fixed costs. (y) variable costs. (z) implicit costs. Hey friends please give your opin

Q : Interest rate in Determinants of Demand

The demand curves for most of the nondurable consumer goods would be least influenced by modifications in: (i) Interest rates. (ii) House-hold income. (iii) Prices for related goods. (iv) Tastes and preferences. Ca

Q : DVCs related problem Choose the right

Choose the right answer from following. Population growth remains high in most DVCs because: A) religious and sociocultural considerations favor large families. B) children may provide economic security for aging parents. C) children provide agricultural labor in rura

Q : Economies of Scale problem Can someone

Can someone please help me in finding out the accurate answer from the following question. When average production costs reduce as the total production of a firm rises, the firm is experiencing: (i) Economies of the scale. (ii) Economies of scope. (iii) Diseconomies o

Q : Transferred Funds in Financial Markets

Financial markets are markets in that funds are transferred from: (w) financial investors or institutions which have an excess of available funds to people or firms which have a shortage. (x) people who have a shortage of obtainable funds to people wh

Q : Demand for a good at price elasticity

The curve which could demonstrate the demand for a good which has price elasticity equal to one is within: (w) Panel A. (x) Panel B. (y) Panel C. (z) Panel D.

Discover Q & A

Leading Solution Library

Avail More Than 1446044 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1938926
Asked

3,689

Active Tutors

1446044

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment