Lipitor, a heart medication with few substitutes, should have an own-price elasticity of demand that ...

Author Question: Lipitor, a heart medication with few substitutes, should have an own-price elasticity of demand that ... (Read 62 times)

meagbuch

Hero Member
Posts: 568

on: Jul 1, 2018

Lipitor, a heart medication with few substitutes, should have an own-price elasticity of demand that is:
a. Relative elastic
b. Relatively inelastic
c. Perfectly inelastic
d. Perfectly elastic

Question 2

Bid-rigging is less likely in
a. oral auctions
b. English auctions
c. first-price sealed-bid auctions
d. all are equally likely

jasonq

Sr. Member
Posts: 335

Reply #1 on: Jul 1, 2018

Answer to Question 1

b

Answer to Question 2

c

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