menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Macroeconomics Study Set 8
  4. Exam
    Exam 5: Elasticity and Its Applications: The Elasticity of Demand
  5. Question
    For a Good That Is a Necessity,demand
Solved

For a Good That Is a Necessity,demand

Question 134

Question 134

Multiple Choice

For a good that is a necessity,demand


A) tends to be inelastic.
B) tends to be elastic.
C) has unit elasticity.
D) cannot be represented by a demand curve in the usual way.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q35: You are in charge of the local

Q79: When small changes in price lead to

Q129: Which of the following is likely to

Q130: For a good that is a necessity,<br>A)quantity

Q131: Suppose the price of a bag of

Q132: A city wants to raise revenues to

Q135: A city wants to raise revenues to

Q136: Scenario 5-1<br>Suppose that when the average college

Q137: Demand is said to have unit elasticity

Q138: The price elasticity of demand measures the<br>A)magnitude

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines