This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What are public goods? What will be an ideal response?[br][br][b][color=#165FFA]Question ... (Read 69 times)

geoffrey

  • Hero Member
  • *****
  • Posts: 880
on: Jun 29, 2018
What are public goods?
 
  What will be an ideal response?

Question 2

If the price of a good falls and expenditure on the good rises, the demand for the good is _______.
 
  A. elastic
  B. perfectly elastic
  C. inelastic
  D. unit elastic


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

skipfourms123

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Jun 29, 2018
Answer to Question 1

Public goods are goods or services that bestow collective benefits on members of society. Generally no one can be excluded from enjoying their benefits.

Answer to Question 2

A The total revenue test on page 121 shows that demand is elastic.


geoffrey

  • Member
  • Posts: 880
Reply 2 on: Jun 29, 2018
Wow, this really help

anyusername12131

  • Member
  • Posts: 327
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

An example of color blindness test. A person with red-green color blindness would not be able to dis An example of color blindness test. A person with red-green color blindness would not be able to dis
Empathy draws a more positive response from the patient because it is based on the willingness of th Empathy draws a more positive response from the patient because it is based on the willingness of th
The U.S. DOT hazardous materials placards as found in the 2012 Emergency Response Guidebook. ... The U.S. DOT hazardous materials placards as found in the 2012 Emergency Response Guidebook. ...
How to calculate present value (Question 1) How to calculate present value (Question 1)
The study of how traits such as flower color are passed from generation to generation provided the m The study of how traits such as flower color are passed from generation to generation provided the m
economic question economic question
Video: Evolutionary tree of life Animation

For a complete list of videos, visit our video library