Author Question: The price elasticity of demand for any good must be less than or equal to zero unless a. the good ... (Read 74 times)

JMatthes · **on:** Jul 1, 2018

The price elasticity of demand for any good must be less than or equal to zero unless
a. the good is a necessity.
b. the good is a luxury.
c. the good is a Giffen good.

Question 2

The various ways that vertical relationships can evade regulation include
a. tying the sale of a regulated good to a customer's choice of an unregulated good
b. unbundling regulated and unregulated goods
c. excluding sellers of competing unregulated goods
d. insuring tax rates are uniform across jurisdictions