[Answered] See Scenario 4.5. If P = 1,000, the price elasticity of demand: A) is 0, B) is negative ...

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Author Question: See Scenario 4.5. If P = 1,000, the price elasticity of demand: A) is 0, B) is negative ... (Read 72 times)

Alygatorr01285

Hero Member
Posts: 564

on: Jul 1, 2018

See Scenario 4.5. If P = 1,000, the price elasticity of demand:

A) is 0,
B) is negative infinity.
C) is -0.18.
D) cannot be determined without knowing I and Ph.

Question 2

Most Americans believe that families really could get by on the government's definition of minimum needs if they tried hard.

Indicate whether the statement is true or false

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lou

Sr. Member
Posts: 286

Reply #1 on: Jul 1, 2018

Answer to Question 1

C

Answer to Question 2

F

Alygatorr01285

Hero Member
Posts: 564

Reply #2 on: Jul 1, 2018

Correct answers!

lou

Sr. Member
Posts: 286

Reply #3 on: Jul 1, 2018

Great! Please up vote

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Author Question: See Scenario 4.5. If P = 1,000, the price elasticity of demand: A) is 0, B) is negative ... (Read 72 times)

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