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 107 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?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Did you know?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

Increasing access to care for teen mothers is important because they have a higher rate of pregnancy ... Increasing access to care for teen mothers is important because they have a higher rate of pregnancy ...
Potency and efficacy: (a) Drug A has a higher potency than drug B. (b) Drug A has a higher efficacy ... Potency and efficacy: (a) Drug A has a higher potency than drug B. (b) Drug A has a higher efficacy ...
Osmosis: Water moves from an area of low solute concentration to an area of higher solute ... Osmosis: Water moves from an area of low solute concentration to an area of higher solute ...
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, ...
Find the voltage, current and power for each resistor in the circuit below Find the voltage, current and power for each resistor in the circuit below
Your company advertises all prices on the menu board as a final price, including HST of 13%. A ... Your company advertises all prices on the menu board as a final price, including HST of 13%. A ...
Video: Hemodynamics Animation

For a complete list of videos, visit our video library