This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Perfectly elastic demand curves are irrelevant, since real world demand curves are never perfectly ... (Read 61 times)

RYAN BANYAN

  • Hero Member
  • *****
  • Posts: 563
on: Jul 1, 2018
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
Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

A


RYAN BANYAN

  • Hero Member
  • *****
  • Posts: 563
Reply #2 on: Jul 1, 2018
Correct answers!


kmb352

  • Sr. Member
  • ****
  • Posts: 319
Reply #3 on: Jul 1, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

The FDA recognizes 118 routes of administration.

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Cyanobacteria of the (a) genus Synechococcus form (b) mats that line hot springs around the world. Cyanobacteria of the (a) genus Synechococcus form (b) mats that line hot springs around the world.
Eye ball perfectly labelled (map) Eye ball perfectly labelled (map)
Midway Island, an inhospitable atoll acquired in 1867, was valuable as a military base located midwa Midway Island, an inhospitable atoll acquired in 1867, was valuable as a military base located midwa
Global Stratification: Income of the World's Nations Global Stratification: Income of the World's Nations
Köppen Climates of the World Köppen Climates of the World
Right lateral view showing low normal curves of the vertebral column Right lateral view showing low normal curves of the vertebral column
Video: Natural Selection, Species Isolation and Real World Example

For a complete list of videos, visit our video library