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Q: Which of the following is the best example of a good that has inelastic demand? A. boat B. salt C. movie ticket D. diamond
A: B. salt is the best example of a good that has inelastic demand?
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Original conversation
User: Which of the following is the best example of a good that has inelastic demand? A. boat B. salt C. movie ticket D. diamond

Weegy: B. salt is the best example of a good that has inelastic demand?
jher000|Points 7423|

User: A steel mill has fixed costs of $100 per hour and variable costs of $50 per hour. What will happen to these costs if the mill closes? A. Both fixed and variable costs will remain the same. B. The mill will have no fixed costs or variable costs. C. The fixed costs will decrease, but the variable costs will increase. D. The variable costs will drop, but the fixed costs will stay the same.

Weegy: D. The variable costs will drop, but the fixed costs will stay the same.
eturker|Points 2155|

User: If a seller expects the price of a good to rise in the future, the seller will A. place these goods on the market immediately. B. increase production of the good. C. store these goods until the price goes up. D. increase the price of the good now.

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Asked 6/18/2012 10:57:31 PM
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