Author Question: Using the above figure, during which month was the price for crude oil the highest? A) July B) ... (Read 62 times)

aabwk4

  • Hero Member
  • *****
  • Posts: 593
Using the above figure, during which month was the price for crude oil the highest?
 
  A) July
  B) December
  C) May
  D) October

Question 2

The price elasticity of demand depends on the
 
  A) proportion of consumers' budgets spent on the good.
  B) number of available substitutes.
  C) extent to which the commodity is a luxury.
  D) all of the above.



Awesome

  • Sr. Member
  • ****
  • Posts: 280
Answer to Question 1

B

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

Did you know?

Always store hazardous household chemicals in their original containers out of reach of children. These include bleach, paint, strippers and products containing turpentine, garden chemicals, oven cleaners, fondue fuels, nail polish, and nail polish remover.

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

For a complete list of videos, visit our video library