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 90 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

Need homework help now?

Ask unlimited questions for free

Ask a Question

« previous next »

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.