[Answered] Which of the following goods has a perfectly inelastic supply? A) insulin B) Diet Pepsi C) the ...

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Author Question: Which of the following goods has a perfectly inelastic supply? A) insulin B) Diet Pepsi C) the ... (Read 92 times)

iveyjurea

Hero Member
Posts: 555

on: Jun 29, 2018

Which of the following goods has a perfectly inelastic supply?

A) insulin
B) Diet Pepsi
C) the original portrait of Whistler's Mother
D) compact discs by Bush

Question 2

Except for perfect complements, an indifference curve has a ________ slope and becomes ________ moving to the right.

A) negative; flatter
B) negative; steeper
C) positive; flatter
D) positive; steeper

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rnehls

Sr. Member
Posts: 313

Reply #1 on: Jun 29, 2018

Answer to Question 1

C

Answer to Question 2

A

iveyjurea

Hero Member
Posts: 555

Reply #2 on: Jun 29, 2018

Thank you

rnehls

Sr. Member
Posts: 313

Reply #3 on: Jun 29, 2018

Happy to help you

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Author Question: Which of the following goods has a perfectly inelastic supply? A) insulin B) Diet Pepsi C) the ... (Read 92 times)

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