There Are Two Closely Related Crops,X and Y,with the Following

question 18

Multiple Choice

There are two closely related crops,X and Y,with the following demand functions Q_X = 180 - 2P_X + P_Y and Q_Y = 150 + P_X - P_Y where Q_X is the quantity of X,P_X is the price of X,Q_Y is the quantity of Y,and P_Y is the price of Y.These two crops are grown in two widely separated countries so there is no interrelationship between the supply curves.The short-run perfectly inelastic supply for X is 150 while the short-run perfectly inelastic supply for Y is 100.In equilibrium,the prices are

• A) P_X = 80, P_Y = 130
• B) P_X = 40, P_Y = 65
• C) P_X = 60, P_Y = 120
• D) P_X = 30, P_Y = 80

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Definitions:

Techniques of Persuasion

Methods or strategies used to convince or influence others to change their attitudes, beliefs, or actions.

Compliance

The act of conforming to or following rules, standards, or laws.

Resist

To withstand, strive against, or oppose a force or influence.

Compliance Tactics

Strategies used to persuade or influence others to go along with one's request or command, often studied in social psychology.