« previous next »

Author Question: On a linear demand curve, the lower the price, A) the less elastic is demand. B) the more ... (Read 61 times)

BRWH

  • Hero Member
  • *****
  • Posts: 553
on: Jul 1, 2018
On a linear demand curve, the lower the price,
 
  A) the less elastic is demand.
  B) the more elastic is demand.
  C) the elasticity equals -1.
  D) the elasticity equals zero.

Question 2

The cross price elasticity of demand between two goods will be positive if
 
  A) the two goods are complements.
  B) the two goods are substitutes.
  C) the two goods are luxuries.
  D) one of the goods is a luxury and the other is a necessity.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


komodo7

  • Sr. Member
  • ****
  • Posts: 322
Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Romanian Adoptees’ Cognitive Abilities, by Age of Adoption The later the age of adoption, the lower Romanian Adoptees’ Cognitive Abilities, by Age of Adoption The later the age of adoption, the lower
Factors Affecting the Environmental Lapse Rate (ELR): Heating or Cooling of the Lower Atmosphere Factors Affecting the Environmental Lapse Rate (ELR): Heating or Cooling of the Lower Atmosphere
Reconnect the lower back with the shoulder with a few deep effleurage strokes. Then place one hand ... Reconnect the lower back with the shoulder with a few deep effleurage strokes. Then place one hand ...
Apply superficial friction to the upper and lower back. Stand to one side. Ask the recipient to lean ... Apply superficial friction to the upper and lower back. Stand to one side. Ask the recipient to lean ...
J or U dose-response curve J or U dose-response curve
Linear programming problems Linear programming problems
Video: Mechanisms for chromosome movement Animation

For a complete list of videos, visit our video library