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    Microeconomics Principles Applications and Tools Study Set 2
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    Exam 5: Elasticity: a Measure of Responsiveness
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    -Refer to Figure 5
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-Refer to Figure 5

Question 49

Question 49

Multiple Choice

  -Refer to Figure 5.7.As the price of W increased,the demand for Y shifted from   to   .The cross-price elasticity of demand between W and Y is: A) positive. B) negative. C) zero. D) indeterminate from this information.
-Refer to Figure 5.7.As the price of W increased,the demand for Y shifted from   -Refer to Figure 5.7.As the price of W increased,the demand for Y shifted from   to   .The cross-price elasticity of demand between W and Y is: A) positive. B) negative. C) zero. D) indeterminate from this information. to   -Refer to Figure 5.7.As the price of W increased,the demand for Y shifted from   to   .The cross-price elasticity of demand between W and Y is: A) positive. B) negative. C) zero. D) indeterminate from this information. .The cross-price elasticity of demand between W and Y is:


A) positive.
B) negative.
C) zero.
D) indeterminate from this information.

Correct Answer:

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