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

Author Question: Who has a higher bargaining power if the demand for the good being transacted is price-elastic? ... (Read 106 times)

deesands

  • Hero Member
  • *****
  • Posts: 514
on: Jun 29, 2018
Who has a higher bargaining power if the demand for the good being transacted is price-elastic?
 
  What will be an ideal response?

Question 2

Coffee and sugar are complements. If the supply curve of coffee shifts leftward because of poor weather, then there will be
 
  A) an increase in the price of sugar.
  B) a decrease in the price of sugar.
  C) a leftward shift of the demand curve for coffee.
  D) a leftward shift of the supply curve for sugar.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Cnarkel

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Jun 29, 2018
Answer to Question 1

The buyer of the good has a higher bargaining power if his demand for the good is price- elastic. This is because the seller knows that if he charges a higher price for the good, the buyer will not purchase the good.

Answer to Question 2

B


deesands

  • Hero Member
  • *****
  • Posts: 514
Reply #2 on: Jun 29, 2018
Thank you


Cnarkel

  • Sr. Member
  • ****
  • Posts: 339
Reply #3 on: Jun 29, 2018
No problemo


« previous next »
 

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

When teenagers live in single-parent homes, a good relationship with grandparents is related to ... When teenagers live in single-parent homes, a good relationship with grandparents is related to ...
A dual-trace scope pattern showing both the power and the waste spark from the same coil ... A dual-trace scope pattern showing both the power and the waste spark from the same coil ...
The learning and retention of the mirrordrawing task by H.M. Despite his good retention of the task, ... The learning and retention of the mirrordrawing task by H.M. Despite his good retention of the task, ...
Hydroelectric Power: Electricity Generation Hydroelectric Power: Electricity Generation
Per capita consumption of power is high in the developed world and highest in the United States Per capita consumption of power is high in the developed world and highest in the United States
Nuclear power Nuclear power
Video: Action potentials - electrical characteristics and generation

For a complete list of videos, visit our video library