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Author Question: A demand curve that is unit elastic everywhere is a. linear and slopes downward b. linear and ... (Read 104 times)

lak

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on: Jul 1, 2018
A demand curve that is unit elastic everywhere is
 a. linear and slopes downward
  b. linear and slopes upward
  c. vertical
  d. horizontal
  e. nonlinear

Question 2

For which of the following products is the consumer's demand curve most likely to be vertical?
 a. lobster, for a seafood lover
  b. cars, for high school students
  c. insulin, for a diabetic
  d. compact disks, for a music lover
  e. beef, for a food lover


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mochi09

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

E

Answer to Question 2

C


lak

  • Member
  • Posts: 546
Reply 2 on: Jul 1, 2018
Excellent

zacnyjessica

  • Member
  • Posts: 345
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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