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Author Question: Firms would like to know the price elasticity of demand for their products because it helps ... (Read 51 times)

theo

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on: Jun 30, 2018
Firms would like to know the price elasticity of demand for their products because it helps determine the effect of price changes on the firms':
 a. property taxes.
  b. competitors' profits.
  c. quantity supplied.
  d. revenues.
  e. total costs.

Question 2

Another word for elasticity is:
 a. responsiveness.
  b. happiness.
  c. bonus
  d. profit.
  e. surplus.


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JaynaD87

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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

a


theo

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Reply #2 on: Jun 30, 2018
Thank you :)


JaynaD87

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Reply #3 on: Jun 30, 2018
Happy to help you


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