Cross-price elasticity between two good is positive

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Reference no: EM133999826

Question

1. If the cross-price elasticity between two good is positive, we can infer that the goods are____

substitutes
complements
necessities
luxuries

2. We can infer that Coke and Pepsi are regarded as substitutes if their ____are_____.

An investor will be entitled to _____ by purchasing ___ ,

part ownership; bonds
interest payments; stock
part ownership; stock
shares; bonds

3. An increase in the minimum wage:

is always bad public policy.
will always produce greater unemployment.
will always generate more benefits than costs.
may affect different sectors of the labor market differently.

Reference no: EM133999826

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