{"id":1045,"date":"2017-10-15T21:00:37","date_gmt":"2017-10-15T15:00:37","guid":{"rendered":"https:\/\/mcqacademy.com\/en\/mcq\/if-the-cross-price-elasticity-between-ketchup-and-hamburgers-is-1-2-a-4-will-lead-to-a-4-8\/"},"modified":"2017-10-15T21:00:37","modified_gmt":"2017-10-15T15:00:37","slug":"if-the-cross-price-elasticity-between-ketchup-and-hamburgers-is-1-2-a-4-will-lead-to-a-4-8","status":"publish","type":"mcq","link":"https:\/\/mcqacademy.com\/en\/mcq\/if-the-cross-price-elasticity-between-ketchup-and-hamburgers-is-1-2-a-4-will-lead-to-a-4-8\/","title":{"rendered":"If the cross-price elasticity between ketchup and hamburgers is -1.2, a 4% &#8230; will lead to a 4.8%:"},"content":{"rendered":"<p>If the cross-price elasticity between ketchup and hamburgers is -1.2, a 4% increase in the price of ketchup will lead to a 4.8% ____?<\/p>\n","protected":false},"author":34,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","topic":[61],"subject":[5],"education_level":[],"class_list":["post-1045","mcq","type-mcq","status-publish","hentry","topic-quantitative-demand-analysis","subject-managerial-economics"],"mcq_note":"<span class=\"tx\"> If the cross-price elasticity between ketchup and hamburgers is -1.2, a 4% increase in the <\/span><span class=\"tx\">price of ketchup will lead to a 4.8%.<\/span>\r\n\r\n<span class=\"tx\">The answer is: Drop in quantity demanded of hamburgers.<\/span>","mcq_options":[{"right":"no","answer":" Drop in quantity demanded of ketchup "},{"right":"yes","answer":" Drop in quantity demanded of hamburgers "},{"right":"no","answer":" Increase in quantity demanded of ketchup "},{"right":"no","answer":"Increase in quantity demanded of hamburgers "}],"multi_answers":"no","subject_terms":[{"id":5,"title":"Managerial Economics","slug":"managerial-economics"}],"topic_terms":[{"id":61,"title":"Quantitative Demand Analysis","slug":"quantitative-demand-analysis"}],"_links":{"self":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/mcq\/1045","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/mcq"}],"about":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/types\/mcq"}],"author":[{"embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/comments?post=1045"}],"wp:attachment":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/media?parent=1045"}],"wp:term":[{"taxonomy":"topic","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/topic?post=1045"},{"taxonomy":"subject","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/subject?post=1045"},{"taxonomy":"education_level","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/education_level?post=1045"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}