Multiple Choice
When the price of erasers increases from $1.50 to $2.50,the quantity demanded of pencils is unchanged.The cross-price elasticity of demand between erasers and pencils is ________ because erasers and pencils ________.
A) 1; are substitutes
B) 1/2; are complements
C) 0; are normal goods
D) 0; are unrelated
E) -1/2; are complements
Correct Answer:

Verified
Correct Answer:
Verified
Q1: If the income elasticity of demand for
Q36: From the accompanying table,we would expect that,for
Q37: Refer to the accompanying table to
Q46: The government is exploring ways to increase
Q55: Suppose that the supply curve for televisions
Q67: If the cross-price elasticity of demand is
Q84: When the price of a basketball is
Q98: If the cross-price elasticity of demand between
Q115: What good is most likely to have
Q137: If the percentage change in the quantity