Although the price of a chemical added to paint to protect surfaces from mold and mildew has almost doubled, the price of paint only rose an average of 5 percent, and the demand for both paint and the chemical that eliminates mold and mildew remained stable. The demand for this chemical is:
A. elastic
B. derived
C. bundled
D. inelastic
E. change-resistant
Answer: D
You might also like to view...
The closing stock price of MNM Corporation for the last 7 trading days is shown below. Day Stock Price 1 24 2 27 3 24 4 28 5 25 6 30 7 31 ? The median is
A. 24. B. 25. C. 26. D. 27.
Which of the following statements best describes the behavior over time of the components of equal mortgage payments?
a. The proportion of interest expense to payment of principal remains the same. b. Payment of principal increases and interest expense decreases. c. Both payment of principal and interest expense decrease. d. Interest expense increases and payment of principal decreases.
Explain what community property is
What will be an ideal response?
The __________ established the MIGA to encourage increased investment in developing nations
a. World Bank b. Regional Trade Communities c. United Nations d. NAFTA