Author Question: When the price elasticity of demand for a good equals A) 0, the demand curve is vertical. B) 0, ... (Read 68 times)

Sufayan.ah

  • Hero Member
  • *****
  • Posts: 512
When the price elasticity of demand for a good equals
 
  A) 0, the demand curve is vertical.
  B) 0, the demand curve is horizontal.
  C) 1, the demand curve is vertical.
  D) 1, the demand curve is horizontal.

Question 2

The demand for a good increases when the price of a substitute ________ and also increases when the price of a complement ________.
 
  A) rises; rises
  B) rises; falls
  C) falls; rises
  D) falls; falls



aliotak

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

A

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

For a complete list of videos, visit our video library