If a person only occasionally buys a cup of coffee,his demand for coffee is probably
A) represented by a vertical or nearly-vertical demand curve.
B) not easily represented by a demand schedule or demand curve.
C) inelastic.
D) elastic.
Correct Answer:
Verified
Q13: Demand is said to be elastic if
A)the
Q14: If demand is inelastic,then
A)buyers do not respond
Q15: For a good that is a necessity,
A)quantity
Q16: In general,elasticity is a measure of
A)the extent
Q21: Other things equal,the demand for a good
Q21: It is likely that
A)the demand for flat-screen
Q42: A person who takes a prescription drug
Q56: Economists compute the price elasticity of demand
Q59: The midpoint method is used to compute
Q129: The price elasticity of demand measures
A)buyers' responsiveness
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