Author Question: If a 35 percent increase in price of golf balls led to an 42 percent decrease in quantity demanded, ... (Read 127 times)

Shelles

  • Hero Member
  • *****
  • Posts: 582
If a 35 percent increase in price of golf balls led to an 42 percent decrease in quantity demanded, then the demand for golf balls is
 
  A) relatively elastic. B) relatively inelastic. C) perfectly elastic. D) unit elastic.

Question 2

A commodity or token is money if it is ________.
 
  A. generally accepted as means of payment
  B. a store of value
  C. used in a barter transaction
  D. completely safe as a store of value


meltdown117

  • Sr. Member
  • ****
  • Posts: 326
Answer to Question 1

A

Answer to Question 2

A Answer A is the definition of money.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

For a complete list of videos, visit our video library