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

Author Question: When the elasticity of demand for a particular good is between zero and -1, _____. a. demand is ... (Read 38 times)

joe

  • Hero Member
  • *****
  • Posts: 627
on: Jun 30, 2018
When the elasticity of demand for a particular good is between zero and -1, _____.
 a. demand is elastic
  b. demand is inelastic
  c. demand is unit-elastic
  d. the good is an inferior good
  e. the good is a normal good

Question 2

Economic analysis that focuses on bounded rationality and psychological insights is known as:
 a. behavioral economics.
  b. Keynesian economics.
  c. Austrian economics.
 d. supply-side economics.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jazzlynnnnn

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

a


joe

  • Member
  • Posts: 627
Reply 2 on: Jun 30, 2018
Wow, this really help

shailee

  • Member
  • Posts: 392
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

Thyroid conditions may make getting pregnant impossible.

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

The medical assisting profession offers many settings in which to pursue your career. Good communica The medical assisting profession offers many settings in which to pursue your career. Good communica
A demand delivery system uses a fuel-pressure regulator attached to the fuel pump assembly inside ... A demand delivery system uses a fuel-pressure regulator attached to the fuel pump assembly inside ...
Classic Supply - Demand Curve Classic Supply - Demand Curve
Avocados are a good source of pantothenic acid, dietary fiber, vitamin K Avocados are a good source of pantothenic acid, dietary fiber, vitamin K
Nuts are also a good source of dietary fibre Nuts are also a good source of dietary fibre
Most Canadian seniors rated their health as good to excellent. Most Canadian seniors rated their health as good to excellent.
Video: Genetic distance between human groups

For a complete list of videos, visit our video library