--%>
Assignment Help - homework help

Constant price elasticities in perfectly inelastic demand

Perfectly inelastic demand curves include constant price elasticities equivalent to zero as well as: (i) cannot exist within the real world across the full range of possible prices. (ii) happen more often than any other type. (iii) are horizontal lines within price/quantity space. (iv) imply such that the good has several close substitutes. (v) face classical firms within a competitive industry.

Please choose the right answer from above...I want your suggestion for the same.

   Related Questions in Microeconomics

  • Q : Equilibrium Interest Rate in Financial

    Equilibrium interest rates change among various financial instruments due to differences in all of the given EXCEPT: (w) default risk. (x) time to maturity. (y) liquidity. (z) the solvency of the lender. Hey friend

    		•
  • Q : Wage Differentials-similar wages Can

    Can someone please help me in finding out the accurate answer from the following question. As compared to men with identical amounts of experience or education, women on an average earn: (1) Higher wages. (2) Similar wages. (3) Lower wages. (4) There is no special pat

    		•
  • Q : Persistent range of output by economies

    When economies of scale are persistent across the range of output which people might feasibly purchase, in that case: (w) pure competition is the most efficient market structure. (x) competition will prevent monopolization of the industry. (y) competi

    		•
  • Q : Match price cuts but avoid price hikes

    A firm’s perception which competitors will match price cuts but avoid price hikes yields: (w) price leadership behavior. (x) limit pricing structures. (y) kinked demand curves. (z) monopolistic competition. Can anybody sugges

    		•
  • Q : Financial Intermediation Financial

    Financial intermediation occurs while financial institutions: (w) incur substantial outflows of funds. (x) channel flows from the ultimate lenders to the ultimate borrowers. (y) face rigid reserve requirement ratios. (z) experience "runs" when deposit

    		•
  • Q : Compare firms with substantial market

    Compared to Firms A and B as well as C, Firm D is: (1) a firm along with substantial market power. (2) a pure price taker and quantity adjuster. (3) least possible to generate economic profit in the long run. (4) a total revenue maximizer when it produces output level

    		•
  • Q : Barriers to entry of dominated industry

    An industry dominated by small huge firms shielded through barriers to entry is: (1) a monopoly. (2) a vertically integrated industry. (3) an oligopolistic industry. (4) an aggregated industry. (5) a cartel. I need

    		•
  • Q : Resolving principal-agent problems I

    I have a problem in economics on Resolving principal-agent problems. Please help me in the following question. Attempts to resolve the principal-agent problems among stockholders and top corporate managers (that is, CEOs) comprise: (i) Profit-sharing systems for the t

    		•
  • Q : Wage Differentials problem Can someone

    Can someone please help me in finding out the accurate answer from the following question. Significant influences on the union non-union wage differentials comprise the: (1) Proportion of the industry which is unionized and the frequency of strikes. (2) Frequency of s

    		•
  • Q : Absolute values in price elasticity The

    The form of elasticity which economists commonly state like an absolute value since this is classically negative is the: (1) price elasticity of supply. (2) income elasticity of demand. (3) price-cross elasticity of supply. (4) price-

    		•