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

Author Question: The export demand price elasticity is more elastic than domestic demand. Indicate whether the ... (Read 67 times)

dejastew

  • Hero Member
  • *****
  • Posts: 562
on: Jul 22, 2018
The export demand price elasticity is more elastic than domestic demand.
 
  Indicate whether the statement is true or false

Question 2

The price elasticity of demand is always negative.
 
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

connor417

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jul 22, 2018
Answer to Question 1

TRUE

Answer to Question 2

TRUE , since demand is downward sloping to the right, the price elasticity must be negative.


dejastew

  • Hero Member
  • *****
  • Posts: 562
Reply #2 on: Jul 22, 2018
Thanks


connor417

  • Sr. Member
  • ****
  • Posts: 329
Reply #3 on: Jul 22, 2018
Welcome :)


« previous next »
 

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Did you know?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

Remodeling of mRNPs during nuclear export Remodeling of mRNPs during nuclear export
Cover and secure the cold source in place. Wrap the cold source using a towel or elastic bandage to ... Cover and secure the cold source in place. Wrap the cold source using a towel or elastic bandage to ...
Growth in the demand for oil from the developing world Growth in the demand for oil from the developing world
Economic recession in 2008 saw a small decrease in demand Economic recession in 2008 saw a small decrease in demand
Elastic Rebound Elastic Rebound
Suppose a country imports televisions. The country's supply and demand curves are shown in ... Suppose a country imports televisions. The country's supply and demand curves are shown in ...
Video: Mendel's Pea Experiment

For a complete list of videos, visit our video library