Author Question: Propecia was developed to treat mild to moderate male pattern hair loss in men. Marco has hair loss ... (Read 209 times)

lbcchick · **on:** Jun 29, 2018

Propecia was developed to treat mild to moderate male pattern hair loss in men. Marco has hair loss and he is willing to pay any amount of money to be able to buy this drug each month. Marco's price elasticity of demand is ________.

A) perfectly inelastic
B) perfectly elastic
C) elastic
D) inelastic

Question 2

If the x-axis variable increases while the y-axis variable decreases, the variables x and y are negatively related.

Indicate whether the statement is true or false