The cost of producing a hardback book is only about 20 percent higher than producing a paperback book, yet the hardback price is typically three times the paperback price. This suggests that demand for paperback books is ________ than demand for hardback books.
A. more elastic
B. less elastic
C. more variable
D. lower
Answer: A
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Which of the following acts prohibited predatory pricing?
a. Robinson-Patman Act b. Tunney Act c. Clayton Act d. Sherman Act
If demand decreases and supply is unchanged, then the equilibrium price ____ and the equilibrium quantity ____. Question 9 options:
A. does not change; does not change B. rises; decreases C. falls; decreases D. falls; increases E. rises; increases
A reduction in taxes on domestic financial investments usually leads to capital outflows.
Answer the following statement true (T) or false (F)
When a manager enters the workplace from time to time to monitor workers, he is using:
A. a revenue-sharing plan. B. a piece-rate payment plan. C. a profit-sharing plan. D. spot checks.