Which of the following products will have more inelastic demand?
A. New cars.
B. Fast food.
C. Medicines.
D. Fresh flowers.
Answer: C
Economics
You might also like to view...
If the Japanese central bank sells yen and buys U.S. dollars, the U.S. dollar will appreciate
Indicate whether the statement is true or false
Economics
The United Nations' goal of reducing the global rate of extreme poverty to 15 percent by 2015 is known as the
A. Millennium Poverty Goal. B. Global Poverty Goal. C. United Nations' Poverty Goal. D. World Poverty Goal.
Economics
Briefly explain how divorce and the number of breadwinners in a household affect calculations of inequality. Give an example.
What will be an ideal response?
Economics
Which of the following equations defines the multiplier?
A. 1 - (c ÷ YD). B. 1 - b C. 1 ÷ APS. D. 1 ÷ (1 - MPC).
Economics