If you learn that the cross price elasticity on movies and restaurants is -0.75 then you can conclude that these goods are... O compliments O luxuries elastic substitutes

According to the income elasticity formula below, Income elasticity of demand - E= change in quontity demanded + % change in income By how much will popcorn sales increase if everage income goes up by 17 percent? (Assume the income elasticity of popcom is 329) Instructions: Enter your response as a percentage rounded to one decimal place. percent MicBonk Pro 2 3. E R Y H K D B M command command

YOU SELL  TWO DIFFERENT GOODS PRINTERS AND CARTRIDGES. THE PRICE ELASTICITY OF DEMAND FOR THE PRINTERS IS -3.4 AND YOU EARN A REVENUE OF RM 15000 PER MONTH FROM THE GOOD. YOU EARN A REVENUE OF RM 5000 PER MONTH FROM TONER CARTRIDGES. THE CROSS PRICE ELASTICITY OF DEMAND FO BOTH OF THE GOODS IS -2.5. IF YOU DECIDE TO DECREASE THE PRICE BY 5%, CALCULATE YOUR NEW TOTAL REVENUE FOR BOTH GOODS.

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Answer the question, using the 3 step approach 4. Explain the cross-price elasticity of demand of I0GO yoghurt when the price of Yop yoghurt reduces?

In the graph on the right, the demand for hot dog buns has changed because the price of hot dogs has risen from $2.80 to $3.30 per package. Hot dog buns 4.00 The cross-price elasticity of demand between hot dogs and hot dog buns is (Use the midpoint formula and enter your response rounded to wo decimal placet. Be sure to include the minus sign if necessay) 125 300 2.75 2.50- 225 2001.89 6.00d 17.0009,000 000 Quantly packages of buns per wook Price idollan per peckage of buns

If Judy's income elasticity of demand for burgers is negative, then we know that burgers are a(n) [ Select ] good for Judy.                           a. normal b. inferior c. superior

Suppose the accompanying table contains data on how many Veggie Delite sandwiches Subway is willing to sell each day at two different prices. Calculate the daily price elasticity of supply when the price increases from $5.00 to $7.50. Please round to the nearest hundredth. Price(per sandwich) Quantity supplied(sandwiches per day) $5.00 200,000 $7.50 210,000 a. Daily price elasticity of supply for Veggie Delite sandwiches = b. The daily price elasticity of supply for Veggie Delite sandwiches is relatively Elastic or Inelastic Now consider how responsive Subway’s supply of Veggie Delite sandwiches is to changes in price on an annual basis instead of a daily basis. c. Compared to the daily value, the annual price elasticity of supply for Veggie Delite sandwiches is likely to be more Inelastic or Elastic  and the annual supply curve is likely Flatter or Steeper  to be than the daily supply curve.

carefully answer it

a. Define own price elasticity on-demand with an example b. define cross-price elasticity on-demand with an example