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 81 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
Great answer, keep it coming :)

kjohnson

  • Member
  • Posts: 330
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

Did you know?

More than 150,000 Americans killed by cardiovascular disease are younger than the age of 65 years.

Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896 Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896
Take a good look at this woman Take a good look at this woman
Change in air temperature at various air flow rates for a 7 pass operation Change in air temperature at various air flow rates for a 7 pass operation
Recent Climate Change Recent Climate Change
Avocados are a good source of pantothenic acid, dietary fiber, vitamin K Avocados are a good source of pantothenic acid, dietary fiber, vitamin K
Hormonal change during ovulation and urinear cycles Hormonal change during ovulation and urinear cycles
Video: Medullary osmotic gradient - influencing factors

For a complete list of videos, visit our video library