Ask Question
Social StudiesSocial Studies
16 May, 22:49

Research has found that an increase in the price of beer would reduce the amount of marijuana consumed. this research indicates that the cross elasticity of the two products is

+2
Answers (1)
  1. 16 May, 23:19
    0
    Research has found that an increase in the price of beer would reduce the amount of marijuana consumed. This research indicates that the cross elasticity of the two products is negative.

    This means that these two products are complements, meaning that if the price of one goes up, the price of the other will go down. If the price of beer is becomes higher, the price of marijuana will become lower, and vice versa.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Research has found that an increase in the price of beer would reduce the amount of marijuana consumed. this research indicates that the ...” in 📗 Social Studies if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Jamie and her friends have spent the whole day together, laughing and celebrating their upcoming graduation from high school. As the day proceeds into evening they reflect on all the teachers they have had.
Answers (1)
Why was the introduction of corn and potatoes to europe and asia so significant
Answers (1)
Verizon hires people from all over the world with different nationalities. This represents which level of diversity?
Answers (1)
Moving away from institutional care to community-based care for the mentally ill and developmentally disabled is commonly referred to as: A. managed care B. deinstitutionalization C. selective mental health care D. universal mental health care
Answers (1)
What is a public good? A. any publicly used facility that is sponsored by the government B. a good that is sold within the marketplace for use by the public C. a government regulated service that goes beyond its constitutionally required role D.
Answers (1)
New Questions in Social Studies
Who was queen Elizabeth I
Answers (2)
What are the two major political parties in America?
Answers (2)
Describing the location of a place by its relationship to nearby places is using what
Answers (1)
The purposes of the preamble of the constitution explain all of the following except: a. the intentions of the framers for a single united government b. the purpose of the constitution c. that the power of government comes from the president d.
Answers (1)
What does it mean to have a separation between church and state?
Answers (1)
Home » Social Studies » Research has found that an increase in the price of beer would reduce the amount of marijuana consumed. this research indicates that the cross elasticity of the two products is
Sign Up Forgot Password?