Author Question: When the price elasticity of demand for a good equals A) 0, the demand curve is vertical. B) 0, ... (Read 116 times)

Sufayan.ah

  • Hero Member
  • *****
  • Posts: 512
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
Answer to Question 1

A

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

Did you know?

Always store hazardous household chemicals in their original containers out of reach of children. These include bleach, paint, strippers and products containing turpentine, garden chemicals, oven cleaners, fondue fuels, nail polish, and nail polish remover.

Did you know?

Eating food that has been cooked with poppy seeds may cause you to fail a drug screening test, because the seeds contain enough opiate alkaloids to register as a positive.

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

For a complete list of videos, visit our video library