If the elasticity of demand for a service is 1, then the demand for that service is
A. perfectly elastic.
B. elastic.
C. unit elastic.
D. inelastic.
C. unit elastic.
Economics
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The figure above shows the supply curve for soda. The market price is $1.00 per soda. The marginal cost of the 20,000th soda is
A) $0.00. B) $0.50. C) $1.00. D) more than $1.00. E) None of the above answers is correct.
Economics
Explain the differences between a corporate bond, a municipal bond, and a Treasury bond. Which of these would be the least risky investment, and why?
What will be an ideal response?
Economics
In the long run, firms in a competitive market make zero economic profit. This induces most firms to leave the industry
Indicate whether the statement is true or false
Economics
Would a tax on prescriptions drugs be more likely to be progressive or regressive? Why?
Economics