This topic contains a solution. Click here to go to the answer

Author Question: Perfectly elastic demand curves are irrelevant, since real world demand curves are never perfectly ... (Read 62 times)

RYAN BANYAN

  • Hero Member
  • *****
  • Posts: 563
Perfectly elastic demand curves are irrelevant, since real world demand curves are never perfectly elastic.
 a. True
  b. False

Question 2

Some demand curves have constant elasticity everywhere.
 a. True
  b. False



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kmb352

  • Sr. Member
  • ****
  • Posts: 319
Answer to Question 1

B

Answer to Question 2

A





 

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 liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

For a complete list of videos, visit our video library