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Author Question: Demand for a luxury item, such as a yacht, is likely to be A) income elastic and price inelastic. ... (Read 77 times)

viki

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on: Jun 29, 2018
Demand for a luxury item, such as a yacht, is likely to be
 
  A) income elastic and price inelastic. B) income inelastic and price elastic.
  C) both income elastic and price elastic. D) both income inelastic and price inelastic.

Question 2

________ occurs when one party takes advantage of having more information than another party about the attributes of the good or service they will exchange.
 
  A) A negative externality B) Adverse selection
  C) A transaction cost D) Moral hazard
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scikid

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Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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viki

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

hramirez205

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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