Homework Answers
Due to presence of HOMEWORKLIB POLICY, I am answering first question.
34.
Ans: c.
Explanation:
Demand curve would shift if expectations about future price changes. If expected future price is high, demand for gasoline now would increase as people would like to buy cheap to keep stocks and vice versa.
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in
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Panel C.
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are luxury goods.
are both luxury goods and price inelastic goods.
are price inelastic goods.
are both necessities and price inelastic goods.
are necessities.
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a. shampoo and conditioner
b. iPhones and earbuds
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