After you graduate from college, you open a store selling computers.?

Question

There are many other stores in the city that sell similar computers. Based on this information, the price elasticity of demand for the computers that your store sells will be:
a) highly elastic
b) one
c) highly inelastic
d) zero

Answer 1

A) Highly elastic, if u rise your prices people wont buy from you. If it was inelastic, like food, then price wouldn't matter because people NEED food to live, but since its elastic people will stop buying because they don't NEED it to live.

Answer 2

I had the same problem you're having regarding "no experience" when I graduated from High School. Sorry, no experience. Finally got a job through word of mouth. Tell your family and friends to keep a look out for the kind of job you're looking for. In other words, spread the word. I believe you're also experiencing the hard times everyone is going through these days. There are more people loosing their jobs (financial reasons) then being hired. Big companies are forced to lay off workers that have been there anytime between 10 - 20 years. It's a "no money market" these days. The Big Box Stores are closing shop, because people are hanging on to their money, rather than going on their once a week department store shopping. Lowe's and Home Depot will be closing some of there stores, because of lack of building. Lack of jobs, lack of health care, food costs going up and up along with gas prices, things aren't looking real good. Hate to sound so negative, but that's the reality of it all. I'd say keep the job you have, and add to it if you have to. However, never stop looking for that job you want that took six years to earn that College Diploma. It will serve you well in the future.

Answer 3

are they rubber computers?

Answer 4

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Answer 5

c)