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 80 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
Gracias!

Bigfoot1984

  • Member
  • Posts: 321
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Did you know?

No drugs are available to relieve parathyroid disease. Parathyroid disease is caused by a parathyroid tumor, and it needs to be removed by surgery.

the comet Encke riding along its pebbly trail of debris (long diagonal line) between the orbits of M the comet Encke riding along its pebbly trail of debris (long diagonal line) between the orbits of M
Long-term Potentiation in the granule cell layer of the rat hippocampal dentate gyrus. (Traces ... Long-term Potentiation in the granule cell layer of the rat hippocampal dentate gyrus. (Traces ...
A Production Function with Diminishing Marginal Product of Capital A Production Function with Diminishing Marginal Product of Capital
Suppose a country imports televisions. The country's supply and demand curves are shown in ... Suppose a country imports televisions. The country's supply and demand curves are shown in ...
The phenotype of an organism is the product of interactions The phenotype of an organism is the product of interactions
Video: Inflammation Animation

For a complete list of videos, visit our video library