The drop down tabs (select) for #16, 17, 20, and 21 are first tab multiple choice are: normal / inferior / substitute / complementary. The second tabs multiple choice options are: increases / decreases / stays the same. I need help with #15 through #22. Thank you so much for your help!!!

re.com/cour Question 17 2 pt D Question 15 1 pts If the Income Elasticity of Demand is a negative number it means that the product is a(n) The Income Elasticity of Demand tells us how responsive people are to a change in their income. [ Select ] good O True because income and the quantity demanded move in opposite directions. For example, people buy more when False their income [ Select ] D Question 16 2 pts If the Income Elasticity of Demand is a positive number it means that the product is a(n) Question 18 [ Select 1 pt good because income and the quantity demanded move in the same direction. For example, people buy more when their What is the formula for calculating the Cross-Price Elasticity of Demand? Income [Select ] (% change in quantity demanded of Good A)/(% change in price of Good B) O (% change in price of Good A/(% change in quantity demanded of Good B) D Question 21 2 pts D Question 19 1 pts If the Cross-Price Elasticity of Demand is a negative number it means that the product is a(n) The Cross-Price Elasticity of Demand tells us how much the quantity demanded of one good responds to changes [ Select ] in the price of another good. good because the price of Good A and the quantity demanded of Good B move in opposite directions. For example, people buy more of Good A when the price of Good B True [ Select ] False D Question 20 2 pts D Question 22 1 pts If the Cross-Price Elasticity of Demand is a positive number it means that the product is a(n) For all four of the elasticites that are discussed in the chapter, the % change in quantity will always be in the [ Select ] good because the price of Good A and the quantity demanded of Good B move in numerator of the formula. the same direction. For example, people buy more of Good A when the price of Good B O True [ Select ] False D Question 21 2 pts Quiz saved at 12:53am Submit Quiz