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

Author Question: When a good has a unitary price elasticity, consumer expenditures for the good A) change in the ... (Read 116 times)

Coya19@aol.com

  • Hero Member
  • *****
  • Posts: 601
on: Jul 1, 2018
When a good has a unitary price elasticity, consumer expenditures for the good
 
  A) change in the same direction as a price change.
  B) change in the opposite direction to a price change, but not necessarily by the same percentage as the price change.
  C) do not change when the price of the good decreases.
  D) change in the opposite direction and by the same percentage as any price change.

Question 2

Supply curves for secondary supply resources (e.g., scrap metal) become:
 
  A) Steeper in the short run
  B) More elastic in the long run
  C) Steeper in the long run
  D) More inelastic in the short run


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ktidd

  • Sr. Member
  • ****
  • Posts: 319
Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

C


Coya19@aol.com

  • Member
  • Posts: 601
Reply 2 on: Jul 1, 2018
:D TYSM

laurnthompson

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Good body mechanics for sitting on chair while performing massage. A. Sit with back and head in ... Good body mechanics for sitting on chair while performing massage. A. Sit with back and head in ...
Hares and Lynx population change "الأرانب البرية و الوشق" Hares and Lynx population change "الأرانب البرية و الوشق"
Climate Change: Volcanoes Climate Change: Volcanoes
Nuts are also a good source of B group vitamins (including folate), and vitamin E Nuts are also a good source of B group vitamins (including folate), and vitamin E
Prevalence of good health in Canadians aged 65 years and older Prevalence of good health in Canadians aged 65 years and older
"The Department of Agriculture came out today with its prediction for food price "The Department of Agriculture came out today with its prediction for food price
Video: Parkinson's Disease

For a complete list of videos, visit our video library