« previous next »

Author Question: If Katherine claims that when it comes to buying shoes, price is no object, her demand curve for ... (Read 44 times)

gonzo233

  • Hero Member
  • *****
  • Posts: 557
on: Jul 1, 2018
If Katherine claims that when it comes to buying shoes, price is no object, her demand curve for shoes is likely to be
 a. horizontal
  b. nonexistent
  c. upward sloping
  d. highly inelastic
  e. unit elastic

Question 2

Perfectly elastic demand curves are
 a. downward sloping
  b. upward sloping
  c. vertical
  d. horizontal
  e. steep


Sophiapenny

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Myocardial Oxygen supply and demand Myocardial Oxygen supply and demand
The adolescent growth spurt in humans is seen as a “bump” in the height curve and a “spike” in the h The adolescent growth spurt in humans is seen as a “bump” in the height curve and a “spike” in the h
Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896 Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896
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 ...
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 ...
How do i calulate an object of that is dropped from (g=9.80m/s2) for 5 s before hitting the ... How do i calulate an object of that is dropped from (g=9.80m/s2) for 5 s before hitting the ...
Video: The 4 steps of translation Animation

For a complete list of videos, visit our video library