What does the sign (positive/negative) of the cross elasticity of demand tell us about the relationship between two goods? If the cross elasticity of demand for a hot dog with respect to the price of a burger is positive, then hot dogs and burgers are .

substitutes

Explanation:

Cross price elasticity of demand measures the responsiveness of quantity demanded of good X to changes in price of good Y.

Cross price elasticity = percentage change in quantity demanded/ percentage change in price

If the cross price elasticitiy is negative, the goods are complements.

If the cross price elasticitiy is postive, it means the goods are substitutes.

Substitutes goods are goods that can be demanded for in place of each other.

Complement goods are goods that are demanded for together.

I hope my answer helps you

answer; /// i believe its ; research and content manager;

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know