Question 9 of 20 >
The table shown lists two goods along with their cross-price elasticities, where the percentage change in quantity is
measured for Good 1 and the percentage change in price is for Good 2.
Identify the relationship between each of the pairs of goods.
Good 1
Good 2
Cross-price
elasticity
of demand
Relationship
automobiles
-0.38
electricity
grapefruit juice
orange juice
+0.63
butter
-0.24
popcorn
Wendy's burgers
mystery good A
+0.86
Five Guys burgers
mystery good B
+1.57

Which of the following accurately describes a situation in which consumers have elastic demand? a. a restaurant starts using margarine instead of butter because butter becomes more expensive. b. consumers boycott a restaurant because the waiters aren't paid minimum wage. c. a company starts using sugar instead of corn syrup because its revenues are up. d. people give up eating pasta and bread because they want to lose weight. 2b2t

Match the type of agreements to their descriptions. will trust living will prenuptial agreement

Margaret company reported the following information for the current year: net sales $3,000,000 purchases $1,957,000 beginning inventory $245,000 ending inventory $115,000 cost of goods sold 65% of sales industry averages available are: inventory turnover 5.29 gross profit percentage 28% how do the inventory turnover and gross profit percentage for margaret company compare to the industry averages for the same ratios? (round inventory turnover to two decimal places. round gross profit percentage to the nearest percent.)