Lipitor, a heart medication with few substitutes, should have an own-price elasticity of demand that is:
a. Relative elastic
b. Relatively inelastic
c. Perfectly inelastic
d. Perfectly elastic
b
Economics
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When constructing economic models, economists are more concerned with
A) what people say than what they do. B) what people think than what they need. C) what people do than what they say. D) what people say than how they act.
Economics
What are the main characteristics of a bond? How does it differ from a stock?
What will be an ideal response?
Economics