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Author Question: Which of the following goods has a perfectly inelastic supply? A) insulin B) Diet Pepsi C) the ... (Read 123 times)

iveyjurea

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on: Jun 29, 2018
Which of the following goods has a perfectly inelastic supply?
 
  A) insulin
  B) Diet Pepsi
  C) the original portrait of Whistler's Mother
  D) compact discs by Bush

Question 2

Except for perfect complements, an indifference curve has a ________ slope and becomes ________ moving to the right.
 
  A) negative; flatter
  B) negative; steeper
  C) positive; flatter
  D) positive; steeper


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rnehls

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

A


iveyjurea

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Reply #2 on: Jun 29, 2018
Thank you :)


rnehls

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Reply #3 on: Jun 29, 2018
Happy to help you


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