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Author Question: If household expenditures on electricity remain constant when the price of electricity increases, ... (Read 67 times)

Lin Shi

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on: Oct 12, 2022

Question 1

If the total expenditure on clothing decreases when the price of clothing falls, the price elasticity of demand is
◦ unity (demand is unit elastic).
◦ less than one (demand is inelastic).
◦ greater than one (demand is elastic).
◦ exactly zero.
◦ not determinable from the information given.

Question 2

If household expenditures on electricity remain constant when the price of electricity increases, the price elasticity for electricity is
◦ less than one (demand is inelastic).
◦ exactly zero.
◦ greater than one (demand is elastic).
◦ one (demand is unit elastic).
◦ not determinable from the information given.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by Lin Shi on Oct 12, 2022

msgero

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Lin Shi

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Reply 2 on: Oct 12, 2022
Thanks for the timely response, appreciate it

ktidd

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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