Economics

The demand for Olin skis is likely to be?
a. less elastic than the demand for skis in general
b. more elastic than the demand for skis is general
c. unit elastic relative to the demand for skis in general
d. as elastic as the deman for skis in general
e. greater than the demand for skis in general

  1. 👍
  2. 👎
  3. 👁

Respond to this Question

First Name

Your Response

Similar Questions

  1. Microeconomics - University of Boston

    4. If Cassandra bought 16 cotton blouses last year when her income was $40,000 and she buys 24 cotton blouses this year when her income is $50,000, then what is her income elasticity of demand? Interpret what the income elasticity

  2. Economics: Price Elasticity

    Please check my answers whether they are correct or not. If not, please help me why they are wrong. Thank you. Question 1: Point: A (300, 1000) Point B: (200, 1200) According to the midpoint method, the price elasticity of demand

  3. Mircoeconomics: Elasticity

    Please help! I have a mid-term test in a couple of minutes... -------------- If the demand for some good fluctuates, but supply is constant, then which of the following combinations would generally yield the greatest quantity

  4. Math

    Could someone work this question out so I understand it. Thanks The marginal price dp/dx at x units of demand per week is proportional to the price p. There is no weekly demand at a price of $100 per unit [p(0)=100], and there is

  1. Economics

    Read the statement. Economists note that personal income rose by 5 percent last year. What impact will the change in personal income have on-demand? A. It will cause the demand curve to shift down. B. It will cause the demand

  2. microeconomics

    Question 17 of 20 5.0 Points On a linear demand curve, demand is ________ at small quantities than it is at the middle of the demand curve. A. less elastic B. equally elastic C. more elastic D. impossible to tell

  3. economics

    Identify three goods each for which your demand is (a) elastic or (b) inelastic. What accounts for the differences in elasticity? Thank you for using the Jiskha Homework Help Forum. Let me help by explaining the difference between

  4. Economics 201

    Determine the price elasticity of demand for a microwave that experienced a 20% drop in price and a 50% increase in weekly demand quantity. I know I have to use the price elasticity of demand formula, but I keep getting the wrong

  1. Economics

    Help me with this, please. Read the statement. Economists note that personal income rose by 5 percent last year. What impact will the change in personal income have on-demand? It will cause the demand curve to shift down. It will

  2. Microeconomics

    Larry, Moe, and Jo run the only saloon in town. Larry wants to sell as many drinks as possible without losing money. Jo wants the saloon to bring in as much revenue as possible. Moe wamts to make the largest possible profits.

  3. Economic

    1. The principle that states that the more you have of something, the less satisfaction you will get from an additional unit is the a. law of demand. c. law of equilibrium. b. law of diminishing marginal utility. d. price

  4. economics

    Suppose the price of widgets falls from $7 to $5 and consumption of widgets rises from 15 widgets a month to 25 widgets. Calculate your price elasticity of demand of widgets. What can you say about your price elasticity of demand

You can view more similar questions or ask a new question.