Premium beer is likely considered A) a normal good. B) an inferior good. C) to have inelastic ...

Author Question: Premium beer is likely considered A) a normal good. B) an inferior good. C) to have inelastic ... (Read 67 times)

colton

Hero Member
Posts: 627

on: Jul 1, 2018

Premium beer is likely considered

A) a normal good.
B) an inferior good.
C) to have inelastic demand.
D) to have perfectly elastic demand.

Question 2

A merger between a firm and one of its suppliers would be called

A) a horizontal merger.
B) a vertical merger.
C) an anti-trust violation.
D) a Cournot merger.

mirabriestensky

Sr. Member
Posts: 325

Reply #1 on: Jul 1, 2018

Answer to Question 1

A

Answer to Question 2

B

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