--%>
Assignment Help - homework help

High demand facing relatively inelasticity

Total revenue for Macho Man fake mustaches increased after the price raised from $15 to $17, showing that demand faced throguh Macho Man was: (i) relatively elastic. (ii) relatively inelastic. (iii) unitarily elastic. (iv) perfectly elastic. (v) perfectly inelastic.

I need a good answer on the topic of Economics problems. Please give me your suggestion for the same by using above options.

   Related Questions in Microeconomics

  • Q : Differentiate project feasibility study

    Differentiate between project feasibility study and project proposal?

    		•
  • Q : Example of a vertical merger An example

    An example of the vertical merger would be: (i) Merging the Oscar Myer hot dog Company with Wrangler Jeans Company and Aquafina Water Company. (ii) The log cabin architecture firm merging with the logging company and construction company. (iii) Merger between Wachovia

    		•
  • Q : Equilibrium outputs in long-run entry

    Long-run supply curve of a purely competitive industry: (w) equals the horizontal summation of all firms’ short-run supply curves. (x) reflects equilibrium outputs after entry and exit respond completely to any shifts in demand. (y) declines as

    		•
  • Q : Price fluctuations to go bankrupt in

    Speculators are most probable to go bankrupt when their activities: (w) increase price fluctuations. (x) decrease transaction costs to other buyers or sellers. (y) dampen the volatility of prices. (z) improve economic efficiency.

    Q : Problem regarding to demography of

    Onto average, African-Americans into the U.S., when compared to whites: (1) earn lower incomes. (2) have less education. (3) experience higher rates of unemployment. (4) are less likely to be capable to retire on Social Security. (5) All of the above.

    Q : Relatively market power The firm from

    The firm from the given list with relatively the most market power would probably be: (w) General Motors. (x) the world's biggest wheat farm. (y) a gas station in Wayout, Wyoming that has no competitors into 70 miles. (z) the BestBuy in Durham, North

    		•
  • Q : Concept of Joseph A. Schumpeter about

    The concept that innovation is a main source of economic profit is central to the concepts of: (1) Joseph A. Schumpeter. (2) Karl Marx. (3) Frank Knight. (4) Horatio Alger. (5) John Bates Clark. Ca

    		•
  • Q : Long run problem In long run , the

    In long run, the actions of successful speculators tend to rise: (i) Gains and raise consumer’s costs. (ii) Output and decrease the volatility of prices. (iii) Corruption and Bribery in government. (iv) The volatility of both prices and outputs.

    		•
  • Q : Low-income developing countries select

    select the right answer of the question. Which of the below nations are low-income developing countries (DVCs), according to the World Bank? 1) country A only  2) countries A, D, and E  3) countries A and E  4) countries A, B, D, and E

    Q : Sole Proprietorships and Partnerships

    Can someone please help me in finding out the precise answer from the following question. Relative to corporations, drawbacks to the owners of sole partnerships and proprietorships comprise:  (i) Unlimited liability. (2) Extreme government regulation. (3) Limited

    		•