« previous next »

Author Question: Which of the three product has a unitary elastic demand curve? a. Cigarettes b. Alcohol c. Sodas d. ... (Read 55 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?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Ginkgo Biloba label. The label indicates the product is standardized to percentages of the two ... Ginkgo Biloba label. The label indicates the product is standardized to percentages of the two ...
Metabolism of Alcohol Metabolism of Alcohol
A demand delivery system uses a fuel-pressure regulator attached to the fuel pump assembly inside ... A demand delivery system uses a fuel-pressure regulator attached to the fuel pump assembly inside ...
Human photopic (cone) and scotopic (rod) spectral sensitivity curves. The peak of each curve has ... Human photopic (cone) and scotopic (rod) spectral sensitivity curves. The peak of each curve has ...
Mixing alcohol with caffeinated energy drinks can have dangerous consequences Mixing alcohol with caffeinated energy drinks can have dangerous consequences
Too Much Alcohol Costs You Good Nutrition Too Much Alcohol Costs You Good Nutrition
Video: Fractures Animation

For a complete list of videos, visit our video library