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

Author Question: Which of the following is true of a used-car market? A) Sellers have more information than the ... (Read 45 times)

Mimi

  • Hero Member
  • *****
  • Posts: 542
on: Jun 29, 2018
Which of the following is true of a used-car market?
 
  A) Sellers have more information than the buyers.
  B) Gains from trade do not exist in this market.
  C) The cars sold are identical in quality.
  D) There is no consumer surplus in this market.

Question 2

If Dr. Giltscalpel's gross revenue doubled when he doubled his surgical fees, the demand for his services within the relevant price range would be
 
  A) indeterminate.
  B) perfectly elastic.
  C) perfectly inelastic.
  D) unit elastic.
  E) none of the above.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

matt

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


Mimi

  • Member
  • Posts: 542
Reply 2 on: Jun 29, 2018
Wow, this really help

nyrave

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

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

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Examining the survivorship curve of a Dall mountain sheep population reveals information on the caus Examining the survivorship curve of a Dall mountain sheep population reveals information on the caus
TrUe....FaLsE TrUe....FaLsE
True Forget-Me-Not True Forget-Me-Not
Older participants remember more information than younger participants when material has emotional ... Older participants remember more information than younger participants when material has emotional ...
Juan's Software Service Company is in a perfectly competitive market. Juan has total fixed ... Juan's Software Service Company is in a perfectly competitive market. Juan has total fixed ...
The following information relates to the Cutting Department of Kittina Corporation for the ... The following information relates to the Cutting Department of Kittina Corporation for the ...
Video: Chemical Synapse Animation

For a complete list of videos, visit our video library