Question and answer
A luxury good is an example of a good that might not be bought if prices rise. A. true B. false
A luxury good is an example of a good that might not be bought if prices rise. TRUE.
s
Question
Asked 11/1/2013 5:20:52 PM
Updated 10/14/2018 10:04:01 AM
0 Answers/Comments
This answer has been confirmed as correct and helpful.
Edited by Masamune [10/14/2018 10:03:56 AM], Confirmed by Masamune [10/14/2018 10:03:59 AM]
Get an answer
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
Round 58,291 to the nearest thousand
Question
Updated 12/14/2014 11:35:52 AM
1 Answer/Comment

58,291 to the nearest thousand is 58,000.
Added 12/14/2014 11:35:50 AM
This answer has been confirmed as correct and helpful.
8. Pencils would be likely to be bought in the same quantity even if it doubled in price. A. true B. false
Weegy: Pencils would be likely to be bought in the same quantity even if it doubled in price. This is TRUE (More)
Question
Expert Answered
Asked 11/1/2013 5:23:14 PM
0 Answers/Comments
13. What determines the price and the quantity produced of most goods? A. the consumer’s perception of necessity B. the interaction of supply and demand C. the availability of substitutes for the goods D. the quality of the goods that are produced
Question
Not Answered
Updated 1/6/2015 11:12:51 AM
1 Answer/Comment
The interaction of supply and demand determines the price and the quantity produced of most goods.


Added 1/6/2015 11:12:51 AM
This answer has been confirmed as correct and helpful.
Confirmed by sujaysen [1/6/2015 11:29:57 AM]
16. What factor has the greatest influence on elasticity and inelasticity of supply? A. profit B. time C. labor D. financing
Question
Updated 3/10/2015 12:22:38 PM
1 Answer/Comment
TIME has the greatest influence on elasticity and inelasticity of supply.

Added 3/10/2015 12:22:38 PM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [3/10/2015 12:37:56 PM]
21. What does it mean when the demand for a product is inelastic? A. People will not buy any of the product when the price goes up. B. A price increase does not have a significant impact on buying habits. C. Customers are sensitive to the price of the product. D. There are very few satisfactory substitutes for the product.
Question
Updated 1/7/2015 6:14:09 PM
1 Answer/Comment
When the demand for a product is inelastic? it means: a price increase does not have a significant impact on buying habits.



Added 1/7/2015 6:14:09 PM
This answer has been confirmed as correct and helpful.
32,751,365
questions answered
GET
Answers.
GET THE APP.
weegy*
*
Get answers from Weegy and a team of really smart live experts.
Popular Conversations
A galaxy that has a shape similar to a football is a(n) ____ galaxy. ...
Weegy: A galaxy that has a shape similar to a football is an irregular galaxy.
11/24/2020 5:47:07 AM| 4 Answers
In Asia, the Cold war led to
11/23/2020 8:27:15 AM| 4 Answers
In the time of butterflies which character can be described as ...
Weegy: The elements of health, physical, mental/emotional/spiritual, and social are interconnected and should be kept ...
11/25/2020 7:02:02 PM| 3 Answers
Which NIMS Management Characteristic refers to the number of ...
Weegy: Manageable Span of Control refers to the number of subordinates that directly report to a supervisor. User: ...
11/22/2020 1:09:24 AM| 3 Answers
S
L
P
R
P
R
L
P
P
C
R
P
R
L
P
R
P
R
P
R
R
Points 1859 [Total 19295] Ratings 1 Comments 1539 Invitations 31 Online
S
L
L
1
P
1
L
Points 1555 [Total 10295] Ratings 14 Comments 1415 Invitations 0 Offline
S
L
Points 960 [Total 2242] Ratings 0 Comments 900 Invitations 6 Offline
S
L
P
1
L
Points 657 [Total 6623] Ratings 10 Comments 557 Invitations 0 Online
S
L
P
P
P
1
P
L
1
Points 478 [Total 9130] Ratings 4 Comments 438 Invitations 0 Offline
S
L
Points 404 [Total 1058] Ratings 20 Comments 204 Invitations 0 Online
S
L
Points 275 [Total 3306] Ratings 8 Comments 195 Invitations 0 Offline
S
L
Points 256 [Total 453] Ratings 1 Comments 246 Invitations 0 Offline
S
L
1
1
1
1
1
1
1
1
1
1
Points 213 [Total 2330] Ratings 20 Comments 13 Invitations 0 Offline
S
L
Points 153 [Total 164] Ratings 0 Comments 153 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.