« previous next »

Author Question: The more narrowly a product is defined, the less elastic the demand for that product will be. a. ... (Read 166 times)

dakota nelson

  • Hero Member
  • *****
  • Posts: 604
on: Jul 1, 2018
The more narrowly a product is defined, the less elastic the demand for that product will be.
 a. True
  b. False

Question 2

The greater the availability of close substitutes for a product, the greater the price elasticity of demand for that product.
 a. True
  b. False


babybsemail

  • Sr. Member
  • ****
  • Posts: 304
Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

Product safety Product safety
The growth in demand for oil in China is driven by the growth in demand for personal transport The growth in demand for oil in China is driven by the growth in demand for personal transport
The demand for cheap coal to generate electrical power is rising The demand for cheap coal to generate electrical power is rising
Find derivative using product rule Find derivative using product rule
Find the two integers that have a sum of 20 and a maximum product Find the two integers that have a sum of 20 and a maximum product
Find the factor demand for labour and the amount of output it will produce. Show all ... Find the factor demand for labour and the amount of output it will produce. Show all ...
Video: Gastrulation: cross section of the frog

For a complete list of videos, visit our video library