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 89 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 the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

onions taste good onions taste good
Male Turkmen in the wealthier half of the population had higher fertility rates than those in the po Male Turkmen in the wealthier half of the population had higher fertility rates than those in the po
Frequent dining on fast food, which tends to be higher in fat and carbohydrates, may be convenient ... Frequent dining on fast food, which tends to be higher in fat and carbohydrates, may be convenient ...
Power of Positivity Power of Positivity
The power of English Language "&" and "and" The power of English Language "&" and "and"
Simplify. Write as a single power. Simplify. Write as a single power.
Video: Rods and Cones Animation

For a complete list of videos, visit our video library