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

Author Question: If the price of chocolate chip cookies rises, then A) the demand curve for chocolate chip cookies ... (Read 652 times)

lracut11

  • Hero Member
  • *****
  • Posts: 536
on: Jun 29, 2018
If the price of chocolate chip cookies rises, then
 
  A) the demand curve for chocolate chip cookies shifts rightward.
  B) the demand curve for chocolate chip cookies shifts leftward.
  C) there is a movement downward along the demand curve for chocolate chip cookies.
  D) there is a movement upward along the demand curve for chocolate chip cookies.

Question 2

On a straight-line downward-sloping demand curve, the maximum elasticity of demand occurs
 
  A) at its vertical intercept.
  B) at its midpoint.
  C) at its horizontal intercept.
  D) where it intersects the supply curve.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Swizqar

  • Sr. Member
  • ****
  • Posts: 357
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

A


lracut11

  • Hero Member
  • *****
  • Posts: 536
Reply #2 on: Jun 29, 2018
Correct answers!


Swizqar

  • Sr. Member
  • ****
  • Posts: 357
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

The titration curve of the buffer acetic acid (CH3COOH) The titration curve of the buffer acetic acid (CH3COOH)
Frequency distribution curve: interpatient variability in drug response Frequency distribution curve: interpatient variability in drug response
Bell Curve for Intelligence IQ scores for a population-based sample usually fall into this kind of Bell Curve for Intelligence IQ scores for a population-based sample usually fall into this kind of
An Affymetrix microarray gene chip. An Affymetrix microarray gene chip.
Chocolate Blog Title Chocolate Blog Title
China has relied on cheap coal to meet its demand for energy China has relied on cheap coal to meet its demand for energy
Video: Introduction to Epilepsy

For a complete list of videos, visit our video library