Author Question: Demand is price-elastic at the top portion of a straight-line downward-sloping demand curve. a. ... (Read 109 times)

corkyiscool3328

  • Hero Member
  • *****
  • Posts: 539
Demand is price-elastic at the top portion of a straight-line downward-sloping demand curve.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Which of the following is not an explicit cost for the owner of a local pizza parlor?
 a. flour
 b. cleaning products
 c. other uses for the land that the parlor sits on
  d. pizza ovens



samiel-sayed

  • Sr. Member
  • ****
  • Posts: 337
Answer to Question 1

True

Answer to Question 2

c



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

For a complete list of videos, visit our video library