« previous next »

Author Question: Consider the following products. Which of them has the flattest demand curve? A) insulin B) ... (Read 46 times)

pepyto

  • Hero Member
  • *****
  • Posts: 547
on: Jul 1, 2018
Consider the following products. Which of them has the flattest demand curve?
 
  A) insulin
  B) alcohol
  C) cigarettes
  D) butter

Question 2

A vertical demand curve for a particular good implies that consumers are
 
  A) sensitive to changes in the price of that good.
  B) not sensitive to changes in the price of that good.
  C) irrational.
  D) not interested in that good.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


epscape

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

Did you know?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Oxygen dissociation curve Oxygen dissociation curve
A typical ECT sensor temperature versus voltage curve. A typical ECT sensor temperature versus voltage curve.
How to create a sine equation when the curve is given How to create a sine equation when the curve is given
Insulin Preparations Insulin Preparations
Marginal Products of Physical and Human Capital Marginal Products of Physical and Human Capital
During a period of high power demand, the voltage output of the power company is reduced by ... During a period of high power demand, the voltage output of the power company is reduced by ...
Video: Protein digestion - stomach & small intestine

For a complete list of videos, visit our video library