Author Question: The price elasticity of demand depends on A) the units used to measure price and the units used ... (Read 103 times)

Cooldude101

  • Hero Member
  • *****
  • Posts: 557
The price elasticity of demand depends on
 
  A) the units used to measure price and the units used to measure quantity.
  B) the units used to measure price but not the units used to measure quantity.
  C) the units used to measure quantity but not the units used to measure price.
  D) neither the units used to measure price nor the units used to measure quantity.

Question 2

In the above figure, which movement illustrates the impact of a rising price level and a constant money wage rate?
 
  A) E to I
  B) E to F
  C) E to G
  D) E to K



6ana001

  • Sr. Member
  • ****
  • Posts: 311
Answer to Question 1

D

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

For a complete list of videos, visit our video library