bebeveillad4574 bebeveillad4574
  • 05-02-2024
  • Business
contestada

Consider that the price elasticity of supply for a good is 1.2 and the absolute value of the price elasticity of demand is 1.7. Which of the following is true in this case?

a) The good is a luxury
b) The good is a necessity
c) The market is inelastic
d) The market is elastic

Respuesta :

Otras preguntas

Which of the following statements best identifies the central theme of the text?
Explain the functional significance of the differences in epithelia types between the three pharyngeal regions.
what planktonic organisms eat Prorocentrum lima
in a piece of hemoglobin beta chain,how might u look to see an mrna in Ecoli?
What is true about triangle LMN
The door on a model building is 2" tall the door on the actual building is 8' tall what was the scale used 1:24 1:12 1:4 1:48
what are ketone bodies, and why do they form during fasting?
Of the 75 houses in a certain community, 48 have a patio. How many of the houses in the community have a swimming pool?
What are the reactants in this equation: H + P4O10 ---> H3PO4 A. H + P4O10 B. PO4 C. H3 D. P4
The Constitution incorporated the principle of _____ as the solution to the debate over whether the national government or the states should have ultimate sover