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 17 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
:D TYSM

essyface1

  • Member
  • Posts: 347
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Checking the voltage drop between the TP sensor ground and a good engine ground with the ignition ... Checking the voltage drop between the TP sensor ground and a good engine ground with the ignition ...
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 ...
Good body mechanics when facing the table directly. A. Head and back in alignment. B. Legs and feet ... Good body mechanics when facing the table directly. A. Head and back in alignment. B. Legs and feet ...
Classic Supply - Demand Curve Classic Supply - Demand Curve
Marginal Supply - Demand Curve Marginal Supply - Demand Curve
Vegetable oils are good sources of essential fatty acids Vegetable oils are good sources of essential fatty acids
Video: Nerve Impulse Transmission Animation

For a complete list of videos, visit our video library