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Author Question: According to a study of the price elasticities of products sold in supermarkets, the price ... (Read 74 times)

natalie2426

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According to a study of the price elasticities of products sold in supermarkets, the price elasticity of demand for toothpaste is estimated at -0.45. Which of the following could explain why the price elasticity of demand for toothpaste is so low?
 
  A) Toothpaste is heavily endorsed by dentists. B) Toothpaste is relatively inexpensive.
  C) There are few close substitutes for toothpaste. D) The toothpaste industry is highly competitive.

Question 2

Corporate governance involves the way in which
 
  A) the government licenses corporations.
  B) a corporation is structured.
  C) the government nationalizes corporations.
  D) a corporation is subject to government regulations.


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Smiles0805

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natalie2426

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review


Liddy

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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