« previous next »

Author Question: Consider the following products. Which of them has the flattest demand curve? A) insulin B) ... (Read 42 times)

pepyto

  • Hero Member
  • *****
  • Posts: 547
on: Jul 1, 2018
Consider the following products. Which of them has the flattest demand curve?
 
  A) insulin
  B) alcohol
  C) cigarettes
  D) butter

Question 2

A vertical demand curve for a particular good implies that consumers are
 
  A) sensitive to changes in the price of that good.
  B) not sensitive to changes in the price of that good.
  C) irrational.
  D) not interested in that good.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


epscape

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

An Oil-dependent World— Supply and Demand Driven An Oil-dependent World— Supply and Demand Driven
Selected Natural Products Selected Natural Products
Standardization of Selected Herbal Products Standardization of Selected Herbal Products
How to find the equation of a cosine curve How to find the equation of a cosine curve
Oxygen-binding curve for myoglobin Oxygen-binding curve for myoglobin
Insulin Syringes: 100 Unit (A), 50 Unit (B), and 30 Unit (C) Insulin Syringes: 100 Unit (A), 50 Unit (B), and 30 Unit (C)
Video: Types of antimicrobial substances (interferons & complement protein)

For a complete list of videos, visit our video library