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 68 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
Great answer, keep it coming :)

abro1885

  • Member
  • Posts: 337
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Historian James Merrell notes several errors in Benjamin West’s famous 1771 painting, William Penn’s Historian James Merrell notes several errors in Benjamin West’s famous 1771 painting, William Penn’s
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
The demand for cheap coal to generate electrical power is rising The demand for cheap coal to generate electrical power is rising
Gendered Messaging in Children’s Clothing Gendered Messaging in Children’s Clothing
Gendered Messaging in Children’s Clothing Gendered Messaging in Children’s Clothing
Elastic/inelastic #5 Elastic/inelastic #5
Video: Peptide Bond Formation Animation

For a complete list of videos, visit our video library