« previous next »

Author Question: The supply of paintings by Van Gogh is most likely to be a. of infinite elasticity because supply ... (Read 61 times)

audie

  • Hero Member
  • *****
  • Posts: 532
on: Jul 1, 2018
The supply of paintings by Van Gogh is most likely to be
 a. of infinite elasticity because supply is limited
  b. of high elasticity because supply is limited
  c. elastic because the paintings are luxury goods
  d. inelastic because supply is limited
  e. unit elastic

Question 2

If an increase in price from 1.20 to 2 per unit leads to an increase in quantity supplied from 20 to 100 units,
 a. demand is elastic
  b. demand is inelastic
  c. demand is unit elastic
  d. supply is elastic
  e. supply is inelastic


heinisk01

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

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?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

supply chain supply chain
An Oil-dependent World— Supply and Demand Driven An Oil-dependent World— Supply and Demand Driven
Vincent van Gogh, The Starry Night. Vincent van Gogh, The Starry Night.
Vincent van Gogh, Japonaiserie: The Courtesan (after Kesai Eisen). Vincent van Gogh, Japonaiserie: The Courtesan (after Kesai Eisen).
Oil supply and prices affect the economies of nations Oil supply and prices affect the economies of nations
Blood Supply of the Liver Blood Supply of the Liver
Video: Introduction to Sleep Apnea

For a complete list of videos, visit our video library