« previous next »

Author Question: Out of the three products, which product has a unitary elastic demand curve? a. Cigarettes b. ... (Read 60 times)

james9437

  • Hero Member
  • *****
  • Posts: 568
on: Jul 1, 2018
Out of the three products, which product has a unitary elastic demand curve?
 a. Cigarettes
  b. Alcohol
  c. Sodas
  d. None of the above

Question 2

Receiving 100 at the end of the next three years is worth more to me than receiving 260 right now, when my required interest rate is 10.
 a. True
  b. False


akemokai

  • Sr. Member
  • ****
  • Posts: 347
Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

b


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

james9437

  • Hero Member
  • *****
  • Posts: 568
Reply #2 on: Jul 1, 2018
Thank you :)


akemokai

  • Sr. Member
  • ****
  • Posts: 347
Reply #3 on: Jul 1, 2018
Happy to help you


« previous next »
 

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Elastic fibres are made of elastin, one type of structural protein found in the ECM of animal cells Elastic fibres are made of elastin, one type of structural protein found in the ECM of animal cells
The demand for oil can be reduced significantly with the introduction of new higher vehicle mileage The demand for oil can be reduced significantly with the introduction of new higher vehicle mileage
Importance of Considering Gestalt Principles in Product Design (1 of 2) Importance of Considering Gestalt Principles in Product Design (1 of 2)
The original Supply and Demand graph The original Supply and Demand graph
Normal frequency distribution, characterized by a bell-shaped curve Normal frequency distribution, characterized by a bell-shaped curve
A bell-shaped, or “normal,” curve shows the distribution of phenotypes for traits controlled by ... A bell-shaped, or “normal,” curve shows the distribution of phenotypes for traits controlled by ...
Video: Stretch reflex & Tendon reflex

For a complete list of videos, visit our video library