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 99 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?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Power from the Sun Power from the Sun
A typical good oxygen sensor waveform as displayed on a digital storage oscilloscope. Look for ... A typical good oxygen sensor waveform as displayed on a digital storage oscilloscope. Look for ...
Touch the test light to the negative (–) terminal of the battery or a good engine ground to check ... Touch the test light to the negative (–) terminal of the battery or a good engine ground to check ...
Using the Power Rule for Derivatives Using the Power Rule for Derivatives
Find the derivative using the power rule Q2 Find the derivative using the power rule Q2
Physics: Power, Energy and Time Physics: Power, Energy and Time
Video: Ear Animation

For a complete list of videos, visit our video library