If the cross-price elasticity of demand between jelly and honey is 1.5, Instructions: Enter your response as a percentage rounded to one decimal place. If you are entering a negative number be sure to include a negative sign in front of that number.

a. Are these complementary or substitute goods?

b. If the price of jelly increases by 10 percent by how much will the demand for honey change in percentage?

see explanation

step-by-step explanation:

since the sequence is geometric there is a common ratio r between consecutive terms, that is

r = 4 ÷ - 2 = - 2

r = - 8 ÷ 4 = - 2

r = 16 ÷ 8 = - 2

the next term - 13 must be incorrect as it should be - 32 for the sequence to be geometric.

the first 4 terms are therefore geometric with common ratio r = - 2

4 and 5)16.97 or 12√2

6)15.59 or 9√3

7)y = 15.59 or 9√3     x =27

8)17.80