This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The price elasticity of demand for food: a. Is always negative. b. Is generally price inelastic. ... (Read 88 times)

madam-professor

  • Hero Member
  • *****
  • Posts: 584
on: Jul 22, 2018
The price elasticity of demand for food:
 
  a. Is always negative.
  b. Is generally price inelastic.
  c. May be either negative or positive.
  d. a and b above.
  e. b and c above.

Question 2

It is difficult for any country to compete in a free market if other major competitors subsidize their farmers.
 
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

chinwesucks

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jul 22, 2018
Answer to Question 1

d

Answer to Question 2

FALSE , it is not a free market then.


madam-professor

  • Hero Member
  • *****
  • Posts: 584
Reply #2 on: Jul 22, 2018
Thank you!


chinwesucks

  • Sr. Member
  • ****
  • Posts: 341
Reply #3 on: Jul 22, 2018
Always glad to help...


« previous next »
 

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Movement of a bolus of food from the mouth to the esophagus. The bolus then travels to the stomach. Movement of a bolus of food from the mouth to the esophagus. The bolus then travels to the stomach.
Prairie food web Prairie food web
Many ideologies stem from older theories. The ideas of the philosophers are simplified. Ideologies Many ideologies stem from older theories. The ideas of the philosophers are simplified. Ideologies
Negative feedback control of a regulated variable. Negative feedback control of a regulated variable.
A 2-fold serial dilution showing the result of moving 0.2 ml of green food coloring successively ... A 2-fold serial dilution showing the result of moving 0.2 ml of green food coloring successively ...
Food jags Food jags
Video: Definition of heart rate

For a complete list of videos, visit our video library