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Author Question: When the price elasticity of demand for a good equals A) 0, the demand curve is vertical. B) 0, ... (Read 127 times)

Sufayan.ah

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  • Posts: 512
on: Jun 29, 2018
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

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  • Posts: 326
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


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