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Author Question: Which of the following is associated with inelastic demand? a. a limited amount of time for ... (Read 52 times)

debasdf

  • Hero Member
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  • Posts: 570
on: Jun 30, 2018
Which of the following is associated with inelastic demand?
 a. a limited amount of time for consumers to respond to a price change
  b. availability of many close substitutes
 c. large percentage of income spent on the good in question
 d. all of the above

Question 2

Banks are considered a safer place to deposit money now than they were prior to 1933 because:
 a. gold reserves have increased.
 b. reserve requirements are higher.
  c. they are more closely regulated.
  d. the FDIC was created.


Perkypinki

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Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

c


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