« previous next »

Author Question: A product would be more demand price inelastic: a. the shorter the time the consumer has to adjust ... (Read 49 times)

j.rubin

  • Hero Member
  • *****
  • Posts: 557
on: Jun 30, 2018
A product would be more demand price inelastic:
 a. the shorter the time the consumer has to adjust to price changes.
  b. the higher the price of the good.
  c. the more the number of good substitutes.
  d. the less the essential nature of the good.
  e. if the supply is more price elastic.

Question 2

A product would be more demand price elastic:
 a. the shorter the time the consumer has to adjust to price changes.
  b. the lower the price of the good.
  c. the fewer the number of good substitutes.
  d. the less the essential nature of the good.
  e. if the supply is more price elastic.


durant1234

  • Sr. Member
  • ****
  • Posts: 338
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

d


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Dugongs (a) adjust their foraging behaviour as a function of whether or not tiger sharks (b) are hun Dugongs (a) adjust their foraging behaviour as a function of whether or not tiger sharks (b) are hun
With fewer men than women in college, is it time to consider affirmative action for men? With fewer men than women in college, is it time to consider affirmative action for men?
The environmental policy changes over time The environmental policy changes over time
Change in Bone Mass over Time In your early years, more bone mass is added than lost in your body Change in Bone Mass over Time In your early years, more bone mass is added than lost in your body
Disitive Time For Vegetables Disitive Time For Vegetables
A car wash reduced the price of a basic wash as a promotion and test of the market. With the ... A car wash reduced the price of a basic wash as a promotion and test of the market. With the ...
Video: The 4 steps of translation Animation

For a complete list of videos, visit our video library