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Author Question: When the elasticity of demand for a particular good is between zero and -1, _____. a. demand is ... (Read 45 times)

joe

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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.


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jazzlynnnnn

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Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

a


joe

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Reply 2 on: Jun 30, 2018
:D TYSM

lcapri7

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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