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

Author Question: Consider a medical breakthrough that led to the discovery of a simple microchip, which when inserted ... (Read 101 times)

NClaborn

  • Hero Member
  • *****
  • Posts: 560
on: Jun 30, 2018
Consider a medical breakthrough that led to the discovery of a simple microchip, which when inserted inside the human ear could prevent certain chronic diseases. The price elasticity of demand for that microchip would most likely be _____.
 a. highly elastic
  b. highly inelastic
  c. undefined
  d. negative only for high prices
  e. positive only for high prices

Question 2

The slope of a budget line:
 a. is the negative of the price ratio, -PX/PY
  b. depends on income.
 c. depends on preferences.
 d. is positive.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

GCabra

  • Sr. Member
  • ****
  • Posts: 331
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

a


NClaborn

  • Hero Member
  • *****
  • Posts: 560
Reply #2 on: Jun 30, 2018
Correct answers!


GCabra

  • Sr. Member
  • ****
  • Posts: 331
Reply #3 on: Jun 30, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Did you know?

Always store hazardous household chemicals in their original containers out of reach of children. These include bleach, paint, strippers and products containing turpentine, garden chemicals, oven cleaners, fondue fuels, nail polish, and nail polish remover.

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Simple food web of an Arctic island. NOTE: The indication of detritivores and pathogens was not part Simple food web of an Arctic island. NOTE: The indication of detritivores and pathogens was not part
GI endoscopy. (a) Similar to other forms of GI endoscopy, laparoscopy involves the insertion of a sp GI endoscopy. (a) Similar to other forms of GI endoscopy, laparoscopy involves the insertion of a sp
A medical assistant wearing PPE—gown, face shield, and gloves. A medical assistant wearing PPE—gown, face shield, and gloves.
Reacting to Medical Treatments Reacting to Medical Treatments
DNA inserted into multiple cloning site of a plasmid disrupts DNA inserted into multiple cloning site of a plasmid disrupts
Tuning fork medical uses. Tuning fork medical uses.
Video: Primary and secondary response to infection

For a complete list of videos, visit our video library