Assignment 3 - Yourlocation: Title Assignment3DUEOCT9...

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Jump to Navigation Frame   Your location: Assessments  ›  View All Submissions  › View Attempt  View Attempt 1 of unlimited  Title: Assignment 3 DUE OCT 9 Started: October 8, 2009 11:31 PM Submitted: October 9, 2009 12:44 PM Time spent: 13:13:10  Total score: 17/20 = 85%   Total score adjusted by 0.0  Maximum possible score: 20  1.   Demand is said to be elastic if    Student Response Value Correct Answer Feedback 1.  demand shifts  substantially when  the price of the good  changes.      2.  the price of the good  responds  substantially to  changes in demand.      3.  buyers do not  respond much to  changes in the price  of the good.      4.  the quantity  demanded responds  substantially to  changes in the price  of the good. 100%       Score: 1/1  Comments:   2.
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  If a good is a necessity, demand for the good would tend to be    Score: 1/1  Comments:   3.  
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This note was uploaded on 03/13/2011 for the course ECON 1B03 taught by Professor Hannahholmes during the Spring '08 term at McMaster University.

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Assignment 3 - Yourlocation: Title Assignment3DUEOCT9...

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