Examlex

Solved

-Refer to the Graphs Above to Answer This Question

question 107

Multiple Choice

  -Refer to the graphs above to answer this question.Suppose that the price of orange juice increases from P<sub>1</sub> to P<sub>2</sub> and the demand curve for apple juice shifts to the right from D<sub>1</sub> to D<sub>2</sub>.What can be said about the cross-elasticity of demand for the two juices and their relationship? A) The cross elasticity of demand coefficient between the two juices is negative and the juices are substitutes. B) The cross elasticity of demand coefficient between the two juices is negative and the juices are complements. C) The cross elasticity of demand coefficient between the two juices is positive and the juices are complements. D) The cross elasticity of demand coefficient between the two juices is positive and the juices are substitutes.
-Refer to the graphs above to answer this question.Suppose that the price of orange juice increases from P1 to P2 and the demand curve for apple juice shifts to the right from D1 to D2.What can be said about the cross-elasticity of demand for the two juices and their relationship?


Definitions:

Species Diversity

A measure of biodiversity that reflects the number of different species as well as their relative abundance in a specific region or ecosystem.

Ecotone

A transitional area between two or more distinct ecological communities, exhibiting characteristics of both and often rich in species diversity.

Successional Area

An ecological region undergoing succession, a process of ecological change where one community of organisms gradually replaces another.

Fundamental Niche

The full range of environmental conditions and resources an organism can theoretically use without the influence of competition or predators.

Related Questions