Out of the three products, which product has a unitary elastic demand curve? a. Cigarettes b. ...

Author Question: Out of the three products, which product has a unitary elastic demand curve? a. Cigarettes b. ... (Read 21 times)

james9437

Hero Member
Posts: 568

on: Jul 1, 2018

Out of the three products, which product has a unitary elastic demand curve?
a. Cigarettes
b. Alcohol
c. Sodas
d. None of the above

Question 2

Receiving 100 at the end of the next three years is worth more to me than receiving 260 right now, when my required interest rate is 10.
a. True
b. False

akemokai

Sr. Member
Posts: 347

Reply #1 on: Jul 1, 2018

Answer to Question 1

b

Answer to Question 2

b

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james9437

Hero Member
Posts: 568

Reply #2 on: Jul 1, 2018

Thank you

akemokai

Sr. Member
Posts: 347

Reply #3 on: Jul 1, 2018

Happy to help you

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