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Author Question: If demand is inelastic, the absolute value of the price elasticity coefficient is greater than one. ... (Read 102 times)

penguins

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on: Jun 29, 2018
If demand is inelastic, the absolute value of the price elasticity coefficient is greater than one.
 
  Indicate whether the statement is true or false

Question 2

According to a recent study, Stricter college alcohol policies, such as raising the price of alcohol, or banning alcohol on campus, decrease the number of students who use marijuana.
 
  On the basis of this information, how would you describe alcohol and marijuana?
  A) The two goods are substitutes in consumption.
  B) The two goods are complements in consumption.
  C) They are both luxury goods.
  D) There is no relationship between the two goods.
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cdmart10

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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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penguins

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

Mochi

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Reply 3 on: Yesterday
Wow, this really help

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