Lec 10 Questions

Lec 10 Questions - ________. A. More, there are good...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Econ 101 Class 10 Questions 1. Agostino released some of his catch because he believed that, at the quantity demanded associated with his total catch of Tuna, the demand schedule for Tuna was _______ and releasing some of his catch would _______ his revenue. A. Elastic, Raise B. Elastic, Lower C. Inelastic, Raise ** D. Inelastic, Lower 2. The demand for a Saturn Ion is likely to be _____ elastic than the demand for an automobile because
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: ________. A. More, there are good substitutes for an Ion. ** B. Less, there are good substitutes for an Ion. C. More, an auto accounts for a small part of a consumers budget. D. Less, an auto accounts for a small part of a consumers budget....
View Full Document

This note was uploaded on 03/02/2009 for the course ECON 101 taught by Professor Balaban during the Spring '07 term at UNC.

Ask a homework question - tutors are online