Premium beer is likely considered A) a normal good. B) an inferior good. C) to have inelastic ...

Author Question: Premium beer is likely considered A) a normal good. B) an inferior good. C) to have inelastic ... (Read 83 times)

colton

Hero Member
Posts: 627

on: Jul 1, 2018

Premium beer is likely considered

A) a normal good.
B) an inferior good.
C) to have inelastic demand.
D) to have perfectly elastic demand.

Question 2

A merger between a firm and one of its suppliers would be called

A) a horizontal merger.
B) a vertical merger.
C) an anti-trust violation.
D) a Cournot merger.

mirabriestensky

Sr. Member
Posts: 325

Reply #1 on: Jul 1, 2018

Answer to Question 1

A

Answer to Question 2

B

Need homework help now?

Ask unlimited questions for free

Ask a Question

« previous next »

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.