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Author Question: The price elasticity of demand for a demand curve that has a zero slope is A) zero. B) one. ... (Read 19 times)

evelyn o bentley

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on: Jul 1, 2018
The price elasticity of demand for a demand curve that has a zero slope is
 
  A) zero.
  B) one.
  C) negative but approaches zero as consumption increases.
  D) infinity.

Question 2

A local restaurant sells strawberry pie for 3.00 per slice. However, if you order the prime rib dinner, you can get a slice of pie for only a dollar. This is an example of
 
  A) bundling.
  B) second-degree price discrimination.
  C) a two-part tariff.
  D) tying.
  E) none of the above


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debra928

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Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

A


evelyn o bentley

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

lcapri7

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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