96) In general, a flatter demand curve is more likely to be

price elastic.

unit price elastic

price inelastic

none of these answers

Answer is:

price elastic.

price elastic.

unit price elastic

price inelastic.

none of these answers

Answer is:

The good is a luxury.

There are a great number of substitutes for the good.

The good is a necessity

None of these answers

Answer is:

transportation

taxi rides

bus tickets

airline tickets

Answer is:

the quantity supplied is sensitive to changes in the price of that good

the quantity demanded is insensitive to changes in the price of that good

the quantity demanded is sensitive to changes in the price of that good

the quantity supplied is insensitive to changes in the price of that good

Answer is: