« previous next »

Author Question: Refer to Table 3-2. The table above shows the demand schedules for caviar of two individuals (Ari ... (Read 89 times)

Beheh

  • Hero Member
  • *****
  • Posts: 520
on: Jun 29, 2018
Refer to Table 3-2. The table above shows the demand schedules for caviar of two individuals (Ari and Sonia) and the rest of the market. If the price of caviar falls from 45 to 35, the market quantity demanded would
 
  A) increase by 50 oz. B) decrease by 50 oz. C) decrease by 70 oz. D) increase by 70 oz.

Question 2

If at a price of 50, Ghani sells 20 hand-made leather cell-phone covers but at a price of 60, zero units are sold. Based on this information, the demand for his cell-phone covers is
 
  A) elastic or perfectly elastic. B) unit elastic.
  C) perfectly inelastic. D) elastic or perfectly inelastic.


Li Jun

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

The average adult has about 21 square feet of skin.

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

This image shows growing blood vessels in the retina of a mouse This image shows growing blood vessels in the retina of a mouse
Electron microscopy of mRNA-template DNA hybrids shows that introns are spliced Electron microscopy of mRNA-template DNA hybrids shows that introns are spliced
Increased neurogenesis in the dentate gyrus following damage. The left panel shows (1) an ... Increased neurogenesis in the dentate gyrus following damage. The left panel shows (1) an ...
Effleurage hand over hand along spinal muscles. Stand at the side directly facing the table and ... Effleurage hand over hand along spinal muscles. Stand at the side directly facing the table and ...
The cradle. Rest your hands on the table, supporting the recipient’s head in your palms. Your ... The cradle. Rest your hands on the table, supporting the recipient’s head in your palms. Your ...
Which of the above illustrations shows an acidic aqueous solution Which of the above illustrations shows an acidic aqueous solution
Video: Cell mediated immune response to a viral infection Animation

For a complete list of videos, visit our video library