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

Author Question: If a 1 change in the price of a good causes a 1 change in the quantity demanded, the good has an ... (Read 101 times)

kfurse

  • Hero Member
  • *****
  • Posts: 590
on: Jun 29, 2018
If a 1 change in the price of a good causes a 1 change in the quantity demanded, the good has an elasticity of demand:
 
  A) equal to 0.
  B) less than 1.
  C) equal to 1.
  D) greater than 1.

Question 2

MSB equals
 
  A) MC + the marginal external cost.
  B) MC + the marginal external benefit.
  C) MB + the marginal external cost.
  D) MB + the marginal external benefit.
  E) MB + MC.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jaaaaaaa

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

D


kfurse

  • Member
  • Posts: 590
Reply 2 on: Jun 29, 2018
Wow, this really help

tandmlomax84

  • Member
  • Posts: 323
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

good to eat good to eat
Drag the labels to indicate the change in the size of the reservoir. . . Drag the labels to indicate the change in the size of the reservoir. . .
Good computer skills are now required to be a successful member of an office staff. Good computer skills are now required to be a successful member of an office staff.
Family interactions change in response to the developing child, and parenting characteristics, such ... Family interactions change in response to the developing child, and parenting characteristics, such ...
Desertification and Climate Change Desertification and Climate Change
A Change of Heart A Change of Heart
Video: Cardiac Cycle (Part 2 of 4)

For a complete list of videos, visit our video library