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Author Question: The price elasticity of demand for a specific model of a luxury car is likely to be A) elastic. ... (Read 40 times)

bio_gurl

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on: Jun 29, 2018
The price elasticity of demand for a specific model of a luxury car is likely to be
 
  A) elastic.
  B) inelastic.
  C) 0.
  D) infinite.

Question 2

As you consume additional hamburgers, the relationship between total and marginal utility is that
 
  A) both total and marginal utility increase continuously.
  B) both total and marginal utility decrease continuously.
  C) total utility increases, but marginal utility decreases.
  D) total utility decreases, but marginal utility increases.


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steff9894

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


bio_gurl

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  • Posts: 524
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

amynguyen1221

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

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