If the demand for a good were completely inelastic,
A) the good is a basic necessity.
B) the good is a luxury.
C) there are no substitutes for the good.
D) there had been a long period of time for people to adjust their behavior.
E) people who own the good currently do not want to give it up except at much higher prices.
Question 2
If the production of a good causes an external cost, then the efficient quantity is
A) equal to the quantity at which the marginal benefit equals marginal cost.
B) less than the quantity at which the marginal benefit equals the marginal cost.
C) more than the quantity at which the marginal benefit equals the marginal cost.
D) the quantity at which the marginal private benefit is greater than the marginal social benefit.
E) None of the above answers is correct.
Effect of pH on drug absorption: (a) a weak acid such as aspirin (ASA) is in a nonionized form in an
The paper test involves holding a piece of paper near the tailpipe of an idling engine. A good ...
Good ethical judgment comes from both learning and experience.
Basic steps in hemostasis
Basic Steps of Hemostasis
Balance the given redox reduction equation in basic solution using the half reaction method