Question

11. Which of the following may have nearly zero price elasticity of supply? Select the correct answer below: a. Hybrid vehicles. b. Housing in prime locations such as homes in the city center. c. Restaurant meals. d. TVs. 13. If the quantity demanded of Good B decreases by 20% in response to a 2% increase in Good A's price, what is the cross-price elasticity of demand? Be sure to include a negative sign in your answer, if necessary. Provide your answer below: 14. If the quantity demanded of Good B decreases by 10% in response to a 50% increase in Good A's price, what is the cross-price elasticity of demand? Be sure to include a negative sign in your answer, if necessary. Provide your answer below:

          11. Which of the following may have nearly zero price elasticity
of supply?
Select the correct answer below:
a. Hybrid vehicles.
b. Housing in prime locations such as homes in the city
center.
c. Restaurant meals.
d. TVs.
13. If the quantity demanded of Good B decreases
by 20% in response to a 2% increase in Good A's
price, what is the cross-price elasticity of demand?
Be sure to include a negative sign in your answer, if
necessary. 
Provide your answer below:
14. If the quantity demanded of Good B decreases
by 10% in response to a 50% increase in Good
A's price, what is the cross-price elasticity of demand?
Be sure to include a negative sign in your answer, if
necessary. 
Provide your answer below:

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