« previous next »

Author Question: If Katherine claims that when it comes to buying shoes, price is no object, her demand curve for ... (Read 38 times)

gonzo233

  • Hero Member
  • *****
  • Posts: 557
on: Jul 1, 2018
If Katherine claims that when it comes to buying shoes, price is no object, her demand curve for shoes is likely to be
 a. horizontal
  b. nonexistent
  c. upward sloping
  d. highly inelastic
  e. unit elastic

Question 2

Perfectly elastic demand curves are
 a. downward sloping
  b. upward sloping
  c. vertical
  d. horizontal
  e. steep


Sophiapenny

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

These photos show a rat burying a test object from which it has just received a single mild shock. These photos show a rat burying a test object from which it has just received a single mild shock.
Titration curve for the tetrapeptide Glu-Gly-Ala-Lys Titration curve for the tetrapeptide Glu-Gly-Ala-Lys
Dose-response curve with threshold Dose-response curve with threshold
Economic recession in 2008 saw a small decrease in demand Economic recession in 2008 saw a small decrease in demand
The slope of the curve y = ax^3 - bx^2 + cx - 3 at x = 2 is 5. If the point of inflection of the cur The slope of the curve y = ax^3 - bx^2 + cx - 3 at x = 2 is 5. If the point of inflection of the cur
The position of an object that is oscillating on a spring is given by the equation x = (18.3 ... The position of an object that is oscillating on a spring is given by the equation x = (18.3 ...
Video: Interview with Person who has Schizophrenia

For a complete list of videos, visit our video library