« previous next »

Author Question: The demand for flour is a. inelastic because there are few substitutes for flour and it represents ... (Read 59 times)

PhilipSeeMore

  • Hero Member
  • *****
  • Posts: 561
on: Jul 1, 2018
The demand for flour is
 a. inelastic because there are few substitutes for flour and it represents a large percentage of a consumer's budget
  b. inelastic because there are many substitutes for flour and it represents a large percentage of a consumer's budget
  c. inelastic because there are few substitutes for flour and it represents a small percentage of a consumer's budget
  d. elastic because there are no substitutes for flour and it represents a large percentage of a consumer's budget
  e. elastic because there are many substitutes for flour and it represents a large percentage of a consumer's budget

Question 2

For which of the following is demand likely to be the most price inelastic?
 a. furniture
  b. automobiles
  c. hotel rooms
  d. airline travel
  e. candy bars


brittanywood

  • Sr. Member
  • ****
  • Posts: 355
Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

E


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

Did you know?

People about to have surgery must tell their health care providers about all supplements they take.

meal (or flour) mite (Acarus siro) meal (or flour) mite (Acarus siro)
Rule of Nines. A method for determining percentage of body burned. Each different colored section re Rule of Nines. A method for determining percentage of body burned. Each different colored section re
Myocardial Oxygen supply and demand Myocardial Oxygen supply and demand
Richard Rodriguez represents millions of immigrants—not just those of Latino origin but those from ... Richard Rodriguez represents millions of immigrants—not just those of Latino origin but those from ...
The demand for oil can be reduced significantly with the introduction of new higher vehicle mileage The demand for oil can be reduced significantly with the introduction of new higher vehicle mileage
The original Supply and Demand graph The original Supply and Demand graph
Video: Depolarization of the SA node, Action potentials of the myocardium & ANS effects

For a complete list of videos, visit our video library