This topic contains a solution. Click here to go to the answer

Author Question: Perfectly elastic demand curves are irrelevant, since real world demand curves are never perfectly ... (Read 44 times)

RYAN BANYAN

  • Hero Member
  • *****
  • Posts: 563
Perfectly elastic demand curves are irrelevant, since real world demand curves are never perfectly elastic.
 a. True
  b. False

Question 2

Some demand curves have constant elasticity everywhere.
 a. True
  b. False



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kmb352

  • Sr. Member
  • ****
  • Posts: 319
Answer to Question 1

B

Answer to Question 2

A





 

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

The average adult has about 21 square feet of skin.

Did you know?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

For a complete list of videos, visit our video library