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Author Question: If the value of price elasticity of demand for a good is equal to , it implies that the good has a ... (Read 129 times)

fnuegbu

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on: Jun 29, 2018
If the value of price elasticity of demand for a good is equal to , it implies that the good has a ________ demand.
 
  A) perfectly elastic
  B) perfectly inelastic
  C) unit elastic
  D) relatively inelastic

Question 2

If a product has an external benefit, how does its marginal private benefit compare to its marginal social benefit?
 
  A) Marginal private benefit is less than marginal social benefit.
  B) Marginal private benefit is greater than marginal social benefit.
  C) At low quantities, marginal private benefit is less than marginal social benefit but at high quantities, marginal private benefit is greater than marginal social benefit.
  D) At low quantities, marginal private benefit is greater than marginal social benefit but at high quantities, marginal private benefit is less than marginal social benefit.
  E) Marginal private benefit cannot be compared to marginal social benefit.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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tmlewis4706

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Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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fnuegbu

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

FergA

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Reply 3 on: Yesterday
Excellent

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