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

Author Question: The demand curve for a good that has many perfect substitutes in consumption is likely to be a. ... (Read 21 times)

TFauchery

  • Hero Member
  • *****
  • Posts: 500
on: Jul 1, 2018
The demand curve for a good that has many perfect substitutes in consumption is likely to be
 a. upward sloping
  b. steep
  c. highly inelastic
  d. horizontal
  e. vertical

Question 2

The demand for Olin skis is likely to be
 a. less elastic than the demand for skis in general
  b. more elastic than the demand for skis in general
  c. unit elastic relative to the demand for skis in general
  d. as elastic as the demand for skis in general
  e. greater than the demand for skis in general


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Yixagurpuldink

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

B


TFauchery

  • Member
  • Posts: 500
Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

Alyson.hiatt@yahoo.com

  • Member
  • Posts: 354
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

More than 150,000 Americans killed by cardiovascular disease are younger than the age of 65 years.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Ebbinghaus’s forgetting curve Ebbinghaus’s forgetting curve
Kneeling on one knee to keep good alignment when massaging the arms and hands. Kneeling on one knee to keep good alignment when massaging the arms and hands.
Classic Supply - Demand Curve Classic Supply - Demand Curve
Vegetable oils are good sources of essential fatty acids Vegetable oils are good sources of essential fatty acids
Avocados are a good source of pantothenic acid, dietary fiber, vitamin K Avocados are a good source of pantothenic acid, dietary fiber, vitamin K
The slope of the curve y = ax^3 - bx^2 + cx - 3 at x = 2 is 5. If the point of inflection of the cur The slope of the curve y = ax^3 - bx^2 + cx - 3 at x = 2 is 5. If the point of inflection of the cur
Video: Hierarchical Sequencing Method - Sequence Tagged Sites

For a complete list of videos, visit our video library