« previous next »

Author Question: Which of the three product has a unitary elastic demand curve? a. Cigarettes b. Alcohol c. Sodas d. ... (Read 49 times)

audie

  • Hero Member
  • *****
  • Posts: 532
on: Jul 1, 2018
Which of the three product has a unitary elastic demand curve?
 a. Cigarettes
 b. Alcohol
 c. Sodas
 d. None of the above

Question 2

If the customer moves first with a high price what is the best response of the shopkeeper
 a. Accept the high price happily
 b. Walk away from the deal
 c. Throw the haggling customer out of your store
  d. Laugh at the customer's face


popopong

  • Sr. Member
  • ****
  • Posts: 307
Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

a


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Effect-log dose curve for the analgesic action of three narcotics and aspirin. Hydromorphone is more ... Effect-log dose curve for the analgesic action of three narcotics and aspirin. Hydromorphone is more ...
Marginal Supply - Demand Curve Marginal Supply - Demand Curve
Drinking Alcohol use by college students Drinking Alcohol use by college students
As with smoking, drinking alcohol during pregnancy exposes the fetus to potentially toxic substances As with smoking, drinking alcohol during pregnancy exposes the fetus to potentially toxic substances
Fetal alcohol syndrome Fetal alcohol syndrome
Type II curve. Mortality does not vary with age. Data for five-lined skink (Eumeces fasciatus). Type II curve. Mortality does not vary with age. Data for five-lined skink (Eumeces fasciatus).
Video: Introduction to Diabetes

For a complete list of videos, visit our video library