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

Author Question: The demand curve for a good that has many perfect substitutes in consumption is likely to be a. ... (Read 16 times)

TFauchery

  • Hero Member
  • *****
  • Posts: 500
on: Jul 1, 2018
The demand curve for a good that has many perfect substitutes in consumption is likely to be
 a. upward sloping
  b. steep
  c. highly inelastic
  d. horizontal
  e. vertical

Question 2

The demand for Olin skis is likely to be
 a. less elastic than the demand for skis in general
  b. more elastic than the demand for skis in general
  c. unit elastic relative to the demand for skis in general
  d. as elastic as the demand for skis in general
  e. greater than the demand for skis in general


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Yixagurpuldink

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

B


TFauchery

  • Member
  • Posts: 500
Reply 2 on: Jul 1, 2018
Gracias!

meow1234

  • Member
  • Posts: 333
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Survivorship curve for the North American beaver. Survivorship curve for the North American beaver.
Discipline-specific training can take years to perfect. Discipline-specific training can take years to perfect.
World fossil fuel consumption since 1950 World fossil fuel consumption since 1950
Calcium consumption is essential for all people Calcium consumption is essential for all people
Industrialized nations consumption Industrialized nations consumption
Vegetable oils are good sources of essential fatty acids Vegetable oils are good sources of essential fatty acids
Video: Cellular defenses (natural killer cells, phagocyte types & process of phagocytosis)

For a complete list of videos, visit our video library