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Author Question: Consider the following products. Which of them has the flattest demand curve? A) insulin B) ... (Read 30 times)

pepyto

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on: Jul 1, 2018
Consider the following products. Which of them has the flattest demand curve?
 
  A) insulin
  B) alcohol
  C) cigarettes
  D) butter

Question 2

A vertical demand curve for a particular good implies that consumers are
 
  A) sensitive to changes in the price of that good.
  B) not sensitive to changes in the price of that good.
  C) irrational.
  D) not interested in that good.
Microeconomics ¦ Perloff ¦ 8th Edition
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epscape

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Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

B


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