« previous next »

Author Question: When the price elasticity of demand for a good equals A) 0, the demand curve is vertical. B) 0, ... (Read 47 times)

Sufayan.ah

  • Hero Member
  • *****
  • Posts: 512
on: Jun 29, 2018
When the price elasticity of demand for a good equals
 
  A) 0, the demand curve is vertical.
  B) 0, the demand curve is horizontal.
  C) 1, the demand curve is vertical.
  D) 1, the demand curve is horizontal.

Question 2

The demand for a good increases when the price of a substitute ________ and also increases when the price of a complement ________.
 
  A) rises; rises
  B) rises; falls
  C) falls; rises
  D) falls; falls


aliotak

  • Sr. Member
  • ****
  • Posts: 326
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

People about to have surgery must tell their health care providers about all supplements they take.

An example of vertical evolution: the horse An example of vertical evolution: the horse
A good Mnemonic to know Mg K Ca Na A good Mnemonic to know Mg K Ca Na
Vertical Structure of the Atmosphere Vertical Structure of the Atmosphere
Thermodynamic Diagrams and Vertical Temperature Profiles Thermodynamic Diagrams and Vertical Temperature Profiles
J or U dose-response curve J or U dose-response curve
The growth in demand for oil in China is driven by the growth in demand for personal transport The growth in demand for oil in China is driven by the growth in demand for personal transport
Video: Neural Reflex Arc Animation

For a complete list of videos, visit our video library