This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If supply is elastic, the supply curve is relatively ________, and if demand is elastic, the demand ... (Read 297 times)

geoffrey

  • Hero Member
  • *****
  • Posts: 880
on: Jun 29, 2018
If supply is elastic, the supply curve is relatively ________, and if demand is elastic, the demand curve is relatively ________.
 
  A) flat; flat
  B) flat; steep
  C) steep; flat
  D) steep; steep

Question 2

Explain why there is an active market for cola-flavored soft drinks in the United States but there is not an active market for sauerkraut-flavored soft drinks.
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kishoreddi

  • Sr. Member
  • ****
  • Posts: 329
    • Your online Help in Biology and chemistry
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

There is an active market for cola-flavored soft drinks because there are enough consumers who want these soft drinks and are willing to pay for them. Not enough consumers want sauerkraut-flavored soft drinks, and since they are not willing to pay for these soft drinks, there are no producers making them. This is the principle of consumer sovereignty.


geoffrey

  • Member
  • Posts: 880
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

patma1981

  • Member
  • Posts: 292
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

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?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

A sigmoid (cooperative) binding curve A sigmoid (cooperative) binding curve
Hockey stick” curve Hockey stick” curve
The growth in demand for oil in China is driven by the growth in demand for personal transport The growth in demand for oil in China is driven by the growth in demand for personal transport
The demand for oil can be reduced significantly with the introduction of new higher vehicle mileage The demand for oil can be reduced significantly with the introduction of new higher vehicle mileage
At what speed does Grogzetti need to take the curve to avoid sliding? At what speed does Grogzetti need to take the curve to avoid sliding?
Type III curve. Mortality is highest early in life. Data for a desert shrub (Cleome droserifolia). Type III curve. Mortality is highest early in life. Data for a desert shrub (Cleome droserifolia).
Video: Digestive chemicals - types & enzymes

For a complete list of videos, visit our video library