Price inelasticity of demand

At a price for $0, the demand for DVD games is around: (w) perfectly elastic. (x) perfectly inelastic. (y) unitarily elastic. (z) positively sloped.

2229_demand curve for DVD.png

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

View Complete Question

Related Questions in Microeconomics

Q : Estimate price by price elasticity of

At the point on the demand curve for RoboMaids where the price elasticity of demand is unitary, the price would be roughly: (i) $10,000, resulting in sales of roughly 16,000 robots monthly. (ii) $13,000, resulting in sales of approxim

Q : Perfectly facing of all price takers

All price-taker firms face absolutely: (w) elastic demand curves. (x) unitary supply curves. (y) inelastic demand curves. (z) inelastic output curves. Hey friends please give your opinion for the problem of

Q : Strategy of labor union goals The

The strategy most probable to outcome the maximum wages and employment and the greatest economic clout for all the workers over long run would be for the union to: (1) Restrict entry to a specific occupation. (2) Boycott non-unionized firms which compete with the unio

Q : Marginal Benefits The marginal

The marginal advantage/profit to you of a usual activity in which you engage tends to: (i) Raise as long as you enjoy the activity. (ii) Eventually reduce as you do more of activity. (iii) Stabilize when the market price of doing the activity stay constant. (iv) Impro

Q : Income elasticity of demand with small

The income elasticity of demand can be approximately computed if we identify the percentage change within the: (1) quantity of a good demanded yielded by a specified absolute change in income. (2) price generated through a specified change in quantity

Q : Wage Rate and Exploitation problem

Assume that a firm possessesing both monopsony power as the employer and market power in its output market, however that can neither wage neither discriminate nor price discriminate. In equilibrium, in its labor market for workers, of the given variables the lowest va

Q : Define autonomous investment Autonomous

Autonomous investment: Investment that is made up without depending on the gain of the enterprise.

Q : Earn normal accounting profit in the

When a purely competitive industry is into long run equilibrium, in that case a typical firm can: (w) earn normal accounting profit although only zero economic profit. (x) incur economic losses when these are offset by accounting prof

Q : Opportunity costs in different prices

While a firm is NOT able of price discrimination: (w) various prices are charged for units of remotely related goods. (x) only opportunity costs are reflected in various prices for units of similar good. (y) any short term profit stimulates long run l

Q : Problem on Determinants of Demand I

I have a problem in economics on Determinants of Demand. Please help me in the following question. Income and tastes most directly influence the: (i) Demand. (ii) Market equilibrium (iii) Prices. (iii) Quantities. (iv) Supply.

Discover Q & A

Leading Solution Library

Avail More Than 1433285 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1925175
Asked

3,689

Active Tutors

1433285

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment