Why do consumers sometimes take a while to respond to price changes? -Consumers cannot find acceptable substitutes immediately. -Demand sometimes becomes less elastic over time. -Price changes do not affect consumers. -Consumers need time to decide whether the good is a luxury or a necessity.

Imagine a correspondence between thomas hobbes and john locke. first, write a letter from hobbes to locke in which hobbes argues that absolute monarchy is the ideal form of government. then write a second letter from the perspective of john locke in which he answers and refutes hobbes’s argument. even though both hobbes and locke lived during the 17th century and would not have been aware of the enlightened despots the 18th century, be sure to mention how hobbes and locke might have felt about the possibility of these rulers.

Savings are transferred to businesses for investment through a) banks and financial institutions b) the federal government c) major corporations d) consumer purchases e) state and local governments

What is the term eccentricity a measure of?