Which of the following would cause a demand curve for a good to be price inelastic ?

Related Mcqs:

If demand is linear (a straight line) then price elasticity of demand is ?

A. elastic in the upper portion and inelastic in the lower portion B. inelastic in the upper portion and elastic in the lower portion C. inelastic throughout D. constant along the demand curve...

If consumers think that there are very few substitutes for a good, then ?

A. Supply would tend to be price elastic B. none of these answers C. demand would tend to be price inelastic D. demand would tend to be price elastic...

The price elasticity of demand is defined as ?

A. the percentage change in the quantity demanded divided by the percentage change in income. B. the percentage change in income divided by the percentage change in the quantity demanded C. the percentage change in the quantity demanded of a good divided by the percentage change in the price of that good D. none of … The price elasticity of demand is defined as ?Read More...

in general a flatter demand curve is more likely to be ?

A. price elastic B. none of these answers C. unit price elastic D. price inelastic...

Technological improvements in agriculture that shift the supply of agricultural commodities to the right tend to ?

A. increase total revenue to farmers as a whole because the demand for food is elastic B. increase total revenue to farmers as whole because the demand for food is inelastic C. reduce total revenue to farmers as a whole because the demand for food is elastic D. reduce total revenue to farmers as a … Technological improvements in agriculture that shift the supply of agricultural commodities to the right tend to ?Read More...