Which is characteristic of a good whose demand is inelastic?
The attached document contains the task instructions, my submission, and the evaluation. I need help with the evaluation areas that scored 2.0 or less.
1) Consider a good whose consumption takes place publicly. On what factors would your decision to buy that good depend? A. only on how many other people buy the good, and not on the good itself. B. both on the characteristics of the product and on how many other people are buying it. C....
2. If Portuguese wines are an inferior good, then higher incomes will cause: (Points : 2) an increase in the demand for Portuguese wines. a decrease in the demand for Portuguese wines. an increase in the quantity demanded for Portuguese wines. a decrease in the quantity demanded for Portuguese...
can you guys answer the questions in my document please??
I want you please to answer problem number ( 2 )
I want you please to answer problems number ( 2 ) , ( 3 ) and ( 6 )Thank You