Assume that the demand curve for a certain good is a vertical ...

[Starlight]

Assume that the demand curve for a certain good is a vertical line. This vertical demand curve illustrates the idea that:
 a. consumers are unwilling to pay more than a certain price for the good.
  b. the good is a complement to another good.
  c. consumers are unwilling to pay less than a certain price for the good.
  d. there are many substitutes for this good.
  e. people will not change the quantity demanded of the good when its price is changed.

Question 2

When people alter their preferences when a choice is presented in a certain way, it is called:
 a. anchoring
 b. framing
 c. the endowment effect
  d. compartmentalizing

[nathang24]

Answer to Question 1

e

Answer to Question 2

b

[Starlight]

Thanks for the timely response, appreciate it

[xiaomengxian]

Wow, this really help