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

Author Question: The demand for a product is more elastic a. When it has few substitutes b. In the long-run c. When ... (Read 54 times)

kshipps

  • Hero Member
  • *****
  • Posts: 571
on: Jul 1, 2018
The demand for a product is more elastic
 a. When it has few substitutes
 b. In the long-run
 c. When the expenditure on the product represent a small portion of the budget
  d. When the product is broadly defined

Question 2

A Prisoners Dilemma illustrates the fact that
 a. Rational choices can lead to inefficient outcomes
 b. Rational choices always leads to good outcomes
 c. Rational choices always lead to inefficient outcomes
  d. None of the above


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ndhahbi

  • Sr. Member
  • ****
  • Posts: 390
Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

a


kshipps

  • Member
  • Posts: 571
Reply 2 on: Jul 1, 2018
Excellent

mcarey591

  • Member
  • Posts: 365
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Overview of material uptake and long-distance transport processes in plants Overview of material uptake and long-distance transport processes in plants
fMRI Machine It is not until after toddlerhood that most children can lie still long enough to have fMRI Machine It is not until after toddlerhood that most children can lie still long enough to have
How Long Does Poverty Last? How Long Does Poverty Last?
Hormones acting through the brain help regulate metabolism and short- and long-term appetite. Hormones acting through the brain help regulate metabolism and short- and long-term appetite.
Three Pieces of the Long-Term Weight-Loss Puzzle Diet Three Pieces of the Long-Term Weight-Loss Puzzle Diet
To find the derivative use product rule To find the derivative use product rule
Video: Polysaccharides

For a complete list of videos, visit our video library