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Author Question: The demand for flounder (a specific type of fish) is a. more elastic than the demand for fish ... (Read 137 times)

RRMR

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on: Jul 1, 2018
The demand for flounder (a specific type of fish) is
 a. more elastic than the demand for fish because there are more substitutes for flounder than for fish in general
  b. less elastic than the demand for fish because there are more substitutes for flounder than for fish in general
  c. more elastic than the demand for fish because there are more substitutes for fish in general than for flounder
  d. less elastic than the demand for fish because there are more substitutes for fish in general than for flounder
  e. more elastic than the demand for fish because flounder is one of the less expensive kinds of fish

Question 2

Given the availability of California oranges, demand for Florida oranges will
 a. be less elastic than if there were no California oranges
  b. be more elastic than if there were no California oranges
  c. have the same elasticity as it would if there were no California oranges
  d. be perfectly elastic
  e. be perfectly inelastic


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ambernicolefink

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

A

Answer to Question 2

B


RRMR

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

juliaf

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Reply 3 on: Yesterday
:D TYSM

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