This topic contains a solution. Click here to go to the answer

Author Question: Perfectly elastic demand curves are irrelevant, since real world demand curves are never perfectly ... (Read 105 times)

RYAN BANYAN

  • Hero Member
  • *****
  • Posts: 563
Perfectly elastic demand curves are irrelevant, since real world demand curves are never perfectly elastic.
 a. True
  b. False

Question 2

Some demand curves have constant elasticity everywhere.
 a. True
  b. False



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kmb352

  • Sr. Member
  • ****
  • Posts: 319
Answer to Question 1

B

Answer to Question 2

A





 

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

For a complete list of videos, visit our video library