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Author Question: One reason the U.S. government might subsidize research of an alternative to crude-oil based ... (Read 46 times)

nramada

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One reason the U.S. government might subsidize research of an alternative to crude-oil based gasoline is that
 
  A) more substitutes will reduce the price of crude-oil based gasoline.
  B) more substitutes will increase the elasticity of crude-oil based gasoline.
  C) more substitutes will reduce the impact of supply shocks on the price of crude-oil based gasoline.
  D) Any or all of the above.

Question 2

The number of vehicle types available in the United States has increased dramatically over the past thirty years. Everything else equal, this would make
 
  A) the demand for individual vehicle types to become less elastic.
  B) the demand for individual vehicle types to become more elastic.
  C) the demand for all vehicle types to become unitary elastic.
  D) the demand for low quality vehicle types to become less elastic.


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asdfasdf

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nramada

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Reply 2 on: Jul 1, 2018
Gracias!


triiciiaa

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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