Solved

Which of the Following Would Cause a Demand Curve for a Good

Question 36

Multiple Choice

Which of the following would cause a demand curve for a good to be price inelastic?

A) The good is a luxury.
B) There are a great number of substitutes for the good.
C) The good is a necessity.
D) The good is an inferior good.

Related Questions

Q31: Consider the following pairs of goods. For

Q32: The cross-price elasticity of demand for substitute

Q33: Suppose that at a price of €30

Q34: When the Jones family had a monthly

Q37: The price elasticity of demand is defined

Q39: If a small percentage increase in the

Q40: If a supply curve for a good

Q41: If consumers always spend 15 percent of

Q79: Total revenue<br>A)always increases as price increases.<br>B)increases as

Q200: If an increase in income results in