Refer to the graph below. Which demand curve is perfectly inelastic?
A. D2
B. D3
C. D4
D. D5
D. D5
You might also like to view...
How can a buyer of car insurance help in reducing the effects of adverse selection?
What will be an ideal response?
According to the above figure, then the supply curve will
A) shift from S1 to S2. B) shift from S2 to S1. C) remain at S1. D) shift either to the left or the right, but it is impossible to say without more information.
Ed Van Zaig is considering opening a sushi bar. To do so, he would have to quit his current job, which pays $20,000 a year, and use a building that he owns and currently rents to his brother for $6,000 a year. His costs at the sushi bar would be $50,000 for food and $2,000 for gas and electricity. What are his explicit costs?
a. $26,000 b. $66,000 c. $78,000 d. $52,000 e. $72,000
When you make a routine, everyday decision it is called
a. habit b. programmed c. nonprogrammed d. geocentric