--%>
Assignment Help - homework help

Perfectly price inelastic and price elastic

A vertical demand curve (when one existed) would be ____________ _____________ during its entire range when a horizontal demand curve is ____________ ____________: (w) relatively price inelastic; perfectly price inelastic (x) perfectly price elastic; perfectly price inelastic (y) relatively price elastic; relatively price inelastic (z) perfectly price inelastic; perfectly price elastic

Can anybody suggest me the proper explanation for given problem regarding Economics generally?

   Related Questions in Microeconomics

  • Q : Price taking and price making The price

    The price makers within a purely competitive market are: (i) auctioneers (ii) buyers. (iii) sellers. (iv) both buyers and sellers. (v) nobody. I need a good answer on the topic of Economics problem

    		•
  • Q : International demand or supply affected

    Sixty Chinese manufacturers have started producing generic staplers. Since each factory is very small to noticeably influence the international demand or supply for staplers, every firm is: (1) a cartelized seller. (2) a price taker. (3) a primary goo

    		•
  • Q : Pure competition or monopoly with

    Compared along with pure competition or monopoly, not perfect competition is: (w) far more common in Europe than in the United States. (x) much more common in markets during the world. (y) much less common in advanced nations than in underdeveloped na

    		•
  • Q : Major disadvantage of operating a

    One of the main disadvantages of operating a corporation in relative to operating a sole partnership or proprietorship is that corporations tend to: (i) Offer just limited legal liability to their stockholders. (ii) Utilize specialized management pers

    		•
  • Q : Saving transaction costs by locations

    Economic rent by a parcel of land is positively associated to the: (w) savings in transaction costs yielded by its location. (x) amount of idle land adjacent to this. (y) time this has been held by the current landowner. (z) amount of natural flora an

    		•
  • Q : Oligopolistic firms by intersecting two

    In this illustrated figure kinked demand curve model, there two demand curves intersect at point a since the other oligopolistic firms: (w) are rapid to follow both price increases and price decreases by rival firms. (x) will follow p

    		•
  • Q : Marginal tax rate under negative income

    The marginal tax rate upon earned income under negative income tax system demonstrated in this figure is: (1) 15 percent. (2) 20 percent. (3) 25 percent. (4) 33.3 percent. (5) 50 percent.

    Q : Laws and Regulations-caveat emptor I

    I have a problem in economics on Laws and Regulations-caveat emptor. Please help me in the following question. The Latin phrase which means ‘let the buyer beware is: (1) Caveat emptor. (2) Laissez-faire. (3) Fiat justitia and ruat coelum. (4) Epluribus unum. (5)

    		•
  • Q : Determine demand curve for

    A tax will be forward-shifted totally when the demand curve is: (w) downward sloping and the supply curve are horizontal. (x) horizontal and the supply curve is upward sloping. (y) perfectly price inelastic and identical to the supply

    		•
  • Q : Equivalent marginal revenue product

    When a monopolist is maximizing its gain in the product market however consists of no monopsony power in labor market, and then it will: (1) Hire labor till marginal revenue product equivalents the average factor cost. (2) Pay a wage equivalent to the marginal revenue

    		•