Unit 2 Milestone-7

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CONCEPT ! Income Elasticity 3 Report an issue with this question A Chinese restaurant and a Thai restaurant both sold bu et meals at the single price of ff $15 per person. When the Thai restaurant reduced their price to $12 per person, the number of dinners sold at the Chinese restaurant decreased from 100 to 75. What is the cross-price elasticity for dinners at the two restaurants, using the midpoint formula? " ! " -1.33 " -.67 " -0.28
CONCEPT ! Cross-Price Elasticity 4 Report an issue with this question Which of the following is likely to happen when Crystal increases her income by earning a promotion and pay raise at work? ! " ! " -1.5 $ 1.28 " 1 " On a graph for indi erence ff curves for new clothing and new shoes, Crystal’s budget constraint will shift to the left.
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