« previous next »

Author Question: If at a price of 24, Octavia sells 36 home-grown orchids and at 30 she sells 24 home-grown orchids, ... (Read 159 times)

dollx

  • Hero Member
  • *****
  • Posts: 558
on: Jun 29, 2018
If at a price of 24, Octavia sells 36 home-grown orchids and at 30 she sells 24 home-grown orchids, the demand for her orchids is
 
  A) inelastic. B) unit elastic. C) perfectly elastic. D) elastic.

Question 2

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 rises from 65 to 75, the market quantity demanded would
 
  A) decrease by 52 oz. B) decrease by 36 oz. C) increase by 36 oz. D) increase by 52 oz.


Moriaki

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

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?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Prostate cancer. In this example, a large mass has grown into the urinary bladder. Prostate cancer i Prostate cancer. In this example, a large mass has grown into the urinary bladder. Prostate cancer i
Cheng Sixiao, Ink Orchids, Yuan dynasty. Cheng Sixiao, Ink Orchids, Yuan dynasty.
Cell Grown in 15N and 14 N: Graph of Relative DNA Concentration Vs. the Density Cell Grown in 15N and 14 N: Graph of Relative DNA Concentration Vs. the Density
The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ... The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ...
home work question home work question
"The Department of Agriculture came out today with its prediction for food price "The Department of Agriculture came out today with its prediction for food price
Video: Exercise and cardiac output & Definition of stroke volume

For a complete list of videos, visit our video library