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 62 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
Excellent

Sarahjh

  • Member
  • Posts: 370
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

Did you know?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

Did you know?

More than 4.4billion prescriptions were dispensed within the United States in 2016.

What makes tea so good What makes tea so good
When teenagers live in single-parent homes, a good relationship with grandparents is related to ... When teenagers live in single-parent homes, a good relationship with grandparents is related to ...
A Receiver-Operating-Characteristic (ROC) Curve A Receiver-Operating-Characteristic (ROC) Curve
Hockey stick” curve Hockey stick” curve
Foods made with fat substitutes aren’t calorie free Foods made with fat substitutes aren’t calorie free
potatoes as a very good source of vitamin B6 potatoes as a very good source of vitamin B6
Video: Wound Cultures

For a complete list of videos, visit our video library