« previous next »

Author Question: The demand for flour is a. inelastic because there are few substitutes for flour and it represents ... (Read 99 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?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Did you know?

More than 150,000 Americans killed by cardiovascular disease are younger than the age of 65 years.

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

meal (or flour) mite (Acarus siro) meal (or flour) mite (Acarus siro)
This advertisement from about 1885 represents an early stage of capitalism when individuals were ... This advertisement from about 1885 represents an early stage of capitalism when individuals were ...
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 ...
The population of Asia increases rapidly, the demand for food and water is also growing The population of Asia increases rapidly, the demand for food and water is also growing
The demand for cheap coal to generate electrical power is rising The demand for cheap coal to generate electrical power is rising
Find the factor demand for labour and the amount of output it will produce. Show all ... Find the factor demand for labour and the amount of output it will produce. Show all ...
Video: Neural regulation of blood pressure - baroreceptor and chemoreceptor reflexes

For a complete list of videos, visit our video library