This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Over a particular price range, if the quantity effect of a price decrease is smaller than the price ... (Read 75 times)

Garrulous

  • Hero Member
  • *****
  • Posts: 686
on: Jun 29, 2018
Over a particular price range, if the quantity effect of a price decrease is smaller than the price effect, it implies that:
 
  A) demand is elastic in the price range.
  B) demand is inelastic in the price range.
  C) the demand curve is horizontal in the price range.
  D) the demand curve is upward sloping in the price range.

Question 2

Over a particular price range, if the quantity effect of a price decrease is larger than the price effect, it implies that:
 
  A) demand is inelastic in the price range.
  B) demand is elastic in the price range.
  C) the demand curve is vertical in the price range.
  D) the demand curve is upward sloping in the price range.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

swimkari

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


Garrulous

  • Hero Member
  • *****
  • Posts: 686
Reply #2 on: Jun 29, 2018
Thank you


swimkari

  • Sr. Member
  • ****
  • Posts: 332
Reply #3 on: Jun 29, 2018
No problemo


« previous next »
 

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

Did you know?

Thyroid conditions may make getting pregnant impossible.

Did you know?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

Range of Motion of the Shoulder Joint, Forward Flexion, Hyperextension Range of Motion of the Shoulder Joint, Forward Flexion, Hyperextension
Blood glucose measurement. A postprandial test may be self-administered. (a) A lance pierces the ski Blood glucose measurement. A postprandial test may be self-administered. (a) A lance pierces the ski
Energy radiated by substances occurs over a wide range of wavelengths. Energy radiated by substances occurs over a wide range of wavelengths.
Identify the variable representing each described quantity in the equation Identify the variable representing each described quantity in the equation
Position effect, as illustrated in the eye phenotype in two female Drosophila Position effect, as illustrated in the eye phenotype in two female Drosophila
How much atmospheric pressure drop would starting to effect us? How much atmospheric pressure drop would starting to effect us?
Video: Neural Reflex Arc Animation

For a complete list of videos, visit our video library