Log in
Economics
1
answer
0
watching
199
views

If good x has social demand that is less than market demand, then good x must be a ____________.

Watch
1
answer
0
watching
199
views

For unlimited access to Homework Help, a Homework+ subscription is required.

Ronaldo Mendoza
Ronaldo MendozaLv10
8 Sep 2020

Unlock all answers

Get 1 free homework help answer.
Already have an account? Log in
Share

Related textbook solutions

Principles of Economics
2nd Edition, 2017
Openstax
ISBN: 9781947172364
Principles of Macroeconomics
2 Edition,
Openstax
ISBN: 9781947172388
Principles of Microeconomics
2 Edition,
Openstax
ISBN: 9781947172340

Related questions

Which of the following statements about price elasticity of demand is true?
a. The price elasticity of demand for good measures the willingness of buyers of the good to buy less of the good as its price increases.
b. Price elasticity of demand reflects the many economic, psychological, and social forces that shape consumer tastes.
c. Other things equal, if good X has close substitutes and good Y does not have close substitutes, then the demand for good X will be more elastic than the demand for the good Y.
d. All of the above are correct.
which of the following statements about price elasticity of demand is​ true?
A.The price elasticity of demand for a good measures the willingness of buyers of the good to buy less of the good as its price increases.
B.Price elasticity of demand reflects the many economic, psychological, and social forces that shape consumer tastes.
C.Other things equal, if good x has close substitutes and good y does not have close substitutes, then the demand for good x will be more elastic than the demand for good y.
D. All of the above are correct.

Which of the following statements about the price elasticity of demand is correct?

a. The price elasticity of demand for a good measures the willingness of buyers of the good to buy less of the good as its price increases.

b. Price elasticity of demand reflects the many economic, psychological, and social forces that shape consumer tastes.

c. Other things equal, if good x has close substitutes and good y does not have close substitutes, then the demand for good x will be more elastic than the demand for good y.

d. All of the above are correct.

Weekly leaderboard

Home
Homework Help 3,900,000
Economics 400,000
Start filling in the gaps now
Log in