This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following is an example of a how much decision? A) The Zhous have demolished their ... (Read 10 times)

robinn137

  • Hero Member
  • *****
  • Posts: 544
on: Jun 29, 2018
Which of the following is an example of a how much decision?
 
  A) The Zhous have demolished their old home and are debating whether to build a ranch-style house or a Craftsman home.
  B) The Pleasantville movie theatre is open only in the evenings. The theatre's manager is debating whether to add daily matinee shows.
  C) You're planning to hold a graduation party and must decide between having your party catered or having a pot-luck.
  D) Chelsea has withdrawn from the swim team to take a full-time job.

Question 2

Name three determinants of elasticity identified in the text. Explain how each one affects the responsiveness of demand.
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

yeungji

  • Sr. Member
  • ****
  • Posts: 319
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

(1) Availability of substitutes. Where fewer substitutes are available, demand will tend to be more inelastic. (2) The importance of being unimportant. Where an item represents a smaller portion of a total budget, demand will tend to be more inelastic. (3) The time dimension. The greater the time available to adjust behavior, the more elastic demand tends to be.


robinn137

  • Member
  • Posts: 544
Reply 2 on: Jun 29, 2018
:D TYSM

marict

  • Member
  • Posts: 304
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

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

Did you know?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Model for evidence-based clinical decision making. Model for evidence-based clinical decision making.
Clinical decision making for groups Clinical decision making for groups
Priming Affects the Speed of Respones on a Lexical Decision Task Priming Affects the Speed of Respones on a Lexical Decision Task
Ethical Decision-Making Model Ethical Decision-Making Model
Ethical Decision-Making Model Cont Ethical Decision-Making Model Cont
Respirator decision logic based on the EPA method. It is very important to know when to use supplied ... Respirator decision logic based on the EPA method. It is very important to know when to use supplied ...
Video: Hormonal regulation of pregnancy - weeks 2 through 38

For a complete list of videos, visit our video library