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

Author Question: Which of the following would be most inelastic with regard to price? a. a Samsung LCD television b. ... (Read 102 times)

maegan_martin

  • Hero Member
  • *****
  • Posts: 532
on: Jun 30, 2018
Which of the following would be most inelastic with regard to price?
 a. a Samsung LCD television
 b. a Sony LCD television
 c. all LCD televisions
 d. Demand for all of the above would be equally elastic because none are necessities.

Question 2

When money demand decreases, the Fed can choose between:
 a. increasing interest rates or increasing the supply of money.
  b. increasing interest rates or decreasing the supply of money.
  c. decreasing interest rates or increasing the supply of money.
  d. decreasing interest rates or decreasing the supply of money.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

tranoy

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

d


maegan_martin

  • Hero Member
  • *****
  • Posts: 532
Reply #2 on: Jun 30, 2018
Thank you :)


tranoy

  • Sr. Member
  • ****
  • Posts: 344
Reply #3 on: Jun 30, 2018
Happy to help you


« previous next »
 

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?

The human body produces and destroys 15 million blood cells every second.

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

How to create a price index to calculate inflation for a basket of goods How to create a price index to calculate inflation for a basket of goods
The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ... The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ...
A group of children were asked how many hours a day they spend watching television. A group of children were asked how many hours a day they spend watching television.
Elastic/inelastic #5 Elastic/inelastic #5
Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ... Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ...
Refer to Scenario 3.1. If the price of potato chips is $0.50 and the price of Cola is $4.00, ... Refer to Scenario 3.1. If the price of potato chips is $0.50 and the price of Cola is $4.00, ...
Video: Spermatogenesis Animation

For a complete list of videos, visit our video library