« previous next »

Author Question: When the price elasticity of demand for a good equals A) 0, the demand curve is vertical. B) 0, ... (Read 67 times)

Sufayan.ah

  • Hero Member
  • *****
  • Posts: 512
on: Jun 29, 2018
When the price elasticity of demand for a good equals
 
  A) 0, the demand curve is vertical.
  B) 0, the demand curve is horizontal.
  C) 1, the demand curve is vertical.
  D) 1, the demand curve is horizontal.

Question 2

The demand for a good increases when the price of a substitute ________ and also increases when the price of a complement ________.
 
  A) rises; rises
  B) rises; falls
  C) falls; rises
  D) falls; falls


aliotak

  • Sr. Member
  • ****
  • Posts: 326
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Did you know?

Thyroid conditions may make getting pregnant impossible.

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

A theoretical photosynthetic response curve. A theoretical photosynthetic response curve.
Frequency distribution curve: interpatient variability in drug response Frequency distribution curve: interpatient variability in drug response
Bell Curve for Intelligence IQ scores for a population-based sample usually fall into this kind of Bell Curve for Intelligence IQ scores for a population-based sample usually fall into this kind of
How to create a price index to calculate inflation for a basket of goods How to create a price index to calculate inflation for a basket of goods
potatoes as a very good source of vitamin B6 potatoes as a very good source of vitamin B6
If the price charged for a candy bar is p(x) cents, then x thousand candy bars will be sold in ... If the price charged for a candy bar is p(x) cents, then x thousand candy bars will be sold in ...
Video: Energy inputs and release in glycolysis Animation

For a complete list of videos, visit our video library