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

Author Question: Tris owns the only auto repair shop on Lonely Island. Tris is a single-price monopoly, so Tris ... (Read 113 times)

bcretired

  • Hero Member
  • *****
  • Posts: 525
on: Jun 29, 2018
Tris owns the only auto repair shop on Lonely Island. Tris is a single-price monopoly, so Tris operates on the ________ part of the ________ curve.
 
  A) elastic; supply
  B) inelastic; supply
  C) inelastic; demand
  D) elastic; demand

Question 2

The above figure gives your budget line between CDs and magazines. If the price of a magazine increased, then the budget line
 
  A) shifts outward and the slope does not change.
  B) rotates inward with no change in the horizontal intercept.
  C) rotates inward with no change in the vertical intercept.
  D) rotates outward with no change in the vertical axis.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

abctaiwan

  • Sr. Member
  • ****
  • Posts: 355
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


bcretired

  • Member
  • Posts: 525
Reply 2 on: Jun 29, 2018
Wow, this really help

ghepp

  • Member
  • Posts: 361
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

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.

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

Amsterdam Albatross or Amsterdam Island Albatross, Diomedea amsterdamensis Amsterdam Albatross or Amsterdam Island Albatross, Diomedea amsterdamensis
Bacterial colonies, each derived from a single cell Bacterial colonies, each derived from a single c Bacterial colonies, each derived from a single cell Bacterial colonies, each derived from a single c
Single blood cell Single blood cell
Under ideal conditions, a single cell of the bacterium E. coli would divide every 20 minutes to ... Under ideal conditions, a single cell of the bacterium E. coli would divide every 20 minutes to ...
Example of a single-nucleotide polymorphism (SNP) Example of a single-nucleotide polymorphism (SNP)
Video: Hydrogen bonds - role in the body

For a complete list of videos, visit our video library