CHARIES DARWN on The Origin of Species CI negaive becarse they are saubshtes Di
ID: 1103831 • Letter: C
Question
CHARIES DARWN on The Origin of Species CI negaive becarse they are saubshtes Di negative becauin they are conpiesents E) postv-becane twy are norma gods. 41) yan incneinthe price at green bektup increases the derard to"d keens Aj red and green kenchup are subsiates Bl ed and groe ketchup are romsi goods C) the cross elasicity af dernand for hese two kinds of betchup ispostve D) Both answers A and Can cmect E) Both answers A and B are comet 47) it the cross astoity of denand bethwnen Cone and Pepsiis 2.03, then Colus and Papsi are Al compiensents BI subntitutes C) noma goods D) inferior goods E) Both answers B and C are comect 31 The cross elasticity between corputers and sotware is A negative because tu an srti BI positve becase they are subetitutes C) negative because they are cosploments Dp positve because they are compiements. El postive because they are nomal goods oher good, these goods are detntety 44) When two goods are reiasod such that an inorease in the price at one good decrases the quartty denianded of the Al nomal gooda B) luxury goods Cl complements El inferior goods 45) The cross elssticty of demand for firm cameras and fim is oaly to be A) posive because they are subshutes 8) postive because they are complements. C) negative because they are subsitutes D) negate because hey compiererts. E) negative because with the advent of digtsi cameres 1im and tim cameras are inferior goods 46) The income elasticity of demand is a measure of Aj how demand for a product changes when the price of a subestiture or complemenmt product changes B) how responsive consumers are to changes in the price of a product C) how resporsive suppliers are to changes in the price of a product the extent to which the demand for a good changes when nome changes E) the extent to which the supply of a good changes when the demand changes as a resuh of a change in income. 47) The income elasticity of demand s A) posiove for a nomal good B) zero for an inferior good. C) less than one for an income elastic nomal good Only answers A and B are correct E) Answers A, B, and C are correct. 48) The income elasticty of demand for sking trips to Vemont is greater than one. Thus a tip o Vermont for sking is A) a nomal B) an interior 711, a g T|Pag E) a pintExplanation / Answer
Q41 is answered below since Q40 is not clear
Correct option: Both A and C are correct
Reason: Goods are substitutes as price increase of one good led to increase demand for other because of people switching demand. Also, cross price elasticity of demand will be positive because of positive relationship between price of ome good and quantity of other good.