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Home Question 61 Use the information in this Grid to complete the Matching Questions: Incomplete answer Reaction to a 1 % CHANGE in PRICE INCOME
Home Question 61 Use the information in this Grid to complete the Matching Questions: Incomplete answer Reaction to a 1 % CHANGE in PRICE INCOME Points out of 10.00 Elasticity Beef Pork Fresh Barbecue White P Flag Matrix Chicken Veggies Sauce Income Rice question Response in Quantity Beef DEMANDED -0.915 0.038 0.134 0.057 0.254 0.032 0.781 Pork 0.143 0.755 0.094 0.245 0.024 0.045 0.378 Response in Quantity DEMANDED Chicken 0.341 0.103 0.474 -0.178 0.012 0.056 0.843 Fresh 0.078 0.012 Veggies 0.156 -1.278 0.251 0.022 1.421 Response in Quantity Barbecue DEMANDED 0.012 0.011 Sauce 0.023 0.002 -0.9865 0.012 0.384 White 0.114 Rice 0.104 0.142 0.254 0.253 -0.347 -0.567 What is the Demand Elasticity for Pork? -0.755 What is the Demand Elasticity for Fresh Veggies? -1.278 If the Price of Beef goes up by 10% how much Chicken will be purchased? Choose... An example of complimentary goods is: Choose An example of substitute goods is: Choose... What is the Cross Price Elasticity value for Fresh Veggies when the price of Chicken increases? Choose... Which good(s) is/are inferior by economic definition? Choose. Which good(s) is/are deemed luxurious by economic definition: Choose. Given the Elasticity of Demand values - what good(s) is/are Elastic? Choose Given the Elasticity of Demand values - what good(s) is/are closest to Unitary? Choose Please answer all parts of the question. Q Search hyhp
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