Changes

Jump to navigation Jump to search

Economics Lecture Five (view source)

Revision as of 01:20, October 6, 2009

11 bytes added ,  01:20, October 6, 2009
→‎Honors: better
Line 222: Line 222:  
11.  Would government prefer taxing a good that is price elastic or price inelastic?  Explain.
 
11.  Would government prefer taxing a good that is price elastic or price inelastic?  Explain.
   −
12.  Suppose french fries cost $1 and ketchup 10 cents.  When the price of ketchup goes up to 20 cents, the quantity demanded for french fries falls by 10%.  What is the cross elasticity of french fries with respect to ketchup?  Show your work and make any assumptions you feel are necessary.
+
12.  Suppose french fries cost $1 and ketchup 10 cents.  When the price of ketchup goes up to 20 cents, the quantity demanded for french fries falls by 10%.  What is the cross elasticity of demand for french fries with respect to ketchup?  Show your work and make any assumptions you feel are necessary.
 
[[Category:Economics lectures]]
 
[[Category:Economics lectures]]
 
{{DEFAULTSORT: Economics Lecture 05}}
 
{{DEFAULTSORT: Economics Lecture 05}}
Aschlafly
Anthony, Irenaeus, Siteadmin, apieditor, Bureaucrats, Check users, nsAm_Govt_101RO, nsAm_Govt_101RW, nsAm_Govt_101_ta, nsJudgesRO, nsJudgesRW, nsJudges_talkRO, nsJudges_talkRW, nsTeam2RO, nsTeam2RW, nsTeam2_talkRO, nsTeam2_talkRW, oversight, Administrators
126,256

edits

Retrieved from "https://www.conservapedia.com/Special:MobileDiff/706838"

Navigation menu