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Author Question: Which of the three product has a unitary elastic demand curve? a. Cigarettes b. Alcohol c. Sodas d. ... (Read 50 times)

audie

  • Hero Member
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  • Posts: 532
on: Jul 1, 2018
Which of the three product has a unitary elastic demand curve?
 a. Cigarettes
 b. Alcohol
 c. Sodas
 d. None of the above

Question 2

If the customer moves first with a high price what is the best response of the shopkeeper
 a. Accept the high price happily
 b. Walk away from the deal
 c. Throw the haggling customer out of your store
  d. Laugh at the customer's face


popopong

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Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

a


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