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Author Question: The demand curve for a good that has many perfect substitutes in consumption is likely to be a. ... (Read 59 times)

TFauchery

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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


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Yixagurpuldink

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Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

B


TFauchery

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  • Posts: 500
Reply 2 on: Jul 1, 2018
Wow, this really help

31809pancho

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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