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Sublight2097 Sublight2097
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8 years ago
Someone who knows nothing about the relative quality of a $2 toothbrush and a $7 toothbrush, both available for sale, but chooses to buy the more expensive one, is probably
A) displaying an inelastic demand for toothbrushes.
B) judging quality by price.
C) violating the law of demand.
D) wealthy enough not to care about prices.
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
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Chimelo46Chimelo46
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8 years ago
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Sublight2097 Author
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#2
8 years ago
Another one in the books, marking it solved.
wrote...
#3
8 years ago
It was nothing, thanks for updating us.
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