Micro 2.3, 2.4, 2.5 Quiz: PED, PES, Income and Cross Price E - Michael Burbine | Library

0

Other Answer Choices:

Normal

Unrelated

Complementary

Subtitutes

Between -infinity and 0

Normal-Inferior

Normal-Luxury

Normal-Necessity

0

Inferior

1

Other Answer Choices:

3 and 4

4 and 5

6 and 7

5 and 6

1 and 2

2 and 3

1

5

Other Answer Choices:

$90

Relatively price elastic

$90

remains unchanged

Relatively price inelastic

Perfectly price inelastic

decreases

increases

Unitary price elastic

$120

Perfectly price elastic

$40

$18

6

Other Answer Choices:

Percent Change in Price of Good X

Avg. Qs of Good Y

Change in Price of Good X

Percent Change in Qs of Good X

Percent Change in Price of Good Y

Change in Qs of Good Y

Avg. Income

Percent Change in Qs of Good Y

Percent Change in Qd of Good X

Change in Qs of Good X

Change in Income

Avg. Price of Good Y

Change in Qd of Good Y

Avg. Qd of Good Y

Percent Change in Qd of Good Y

Percent Change in Income

Avg. Price of Good X

Change in Price of Good Y

Change in Qd of Good X

Avg. Qd of Good X

Avg. Qs of Good X