This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Demand for clothing tends to be a. elastic because there are few substitutes for clothing b. ... (Read 50 times)

codyclark

  • Hero Member
  • *****
  • Posts: 538
on: Jul 1, 2018
Demand for clothing tends to be
 a. elastic because there are few substitutes for clothing
  b. inelastic because there are few substitutes for clothing
  c. elastic because expenditures for clothing represent a large part of the consumer's budget
  d. inelastic because expenditures for clothing represent a large part of the consumer's budget
  e. elastic because it is a broadly defined good

Question 2

A successful advertising campaign would likely
 a. increase price elasticity of demand by stressing the uniqueness of the product
  b. reduce price elasticity of demand by stressing the uniqueness of the product
  c. reduce price elasticity of demand by informing consumers of the availability of substitutes
  d. not alter the demand curve
  e. generally make the demand curve shift inward


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

cadimas

  • Sr. Member
  • ****
  • Posts: 362
Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

B


codyclark

  • Member
  • Posts: 538
Reply 2 on: Jul 1, 2018
Wow, this really help

JaynaD87

  • Member
  • Posts: 368
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

An Oil-dependent World— Supply and Demand Driven An Oil-dependent World— Supply and Demand Driven
Cover and secure the cold source in place. Wrap the cold source using a towel or elastic bandage to ... Cover and secure the cold source in place. Wrap the cold source using a towel or elastic bandage to ...
The growing demand for electrical power, carbon sequestration and storage must be a priority The growing demand for electrical power, carbon sequestration and storage must be a priority
Foods made with fat substitutes aren’t calorie free Foods made with fat substitutes aren’t calorie free
Gendered Messaging in Children’s Clothing Gendered Messaging in Children’s Clothing
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: Type of Transport - Active and Passive Processes

For a complete list of videos, visit our video library