« previous next »

Author Question: The more narrowly a product is defined, the less elastic the demand for that product will be. a. ... (Read 179 times)

dakota nelson

  • Hero Member
  • *****
  • Posts: 604
on: Jul 1, 2018
The more narrowly a product is defined, the less elastic the demand for that product will be.
 a. True
  b. False

Question 2

The greater the availability of close substitutes for a product, the greater the price elasticity of demand for that product.
 a. True
  b. False


babybsemail

  • Sr. Member
  • ****
  • Posts: 304
Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Elastic cartilage Ear Elastic cartilage Ear
The Elastic Rebound Theory The Elastic Rebound Theory
How to use the product rule to find the derivative of a function How to use the product rule to find the derivative of a function
Growth in the demand for oil from the developing world Growth in the demand for oil from the developing world
Find derivative using product rule Find derivative using product rule
Find the factor demand for labour and the amount of output it will produce. Show all ... Find the factor demand for labour and the amount of output it will produce. Show all ...
Video: Stress and Immune System Animation

For a complete list of videos, visit our video library