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Author Question: Consider a demand curve that has a constant elasticity value of 0. What happens to quantity demanded ... (Read 82 times)

yoroshambo

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on: Jun 29, 2018
Consider a demand curve that has a constant elasticity value of 0. What happens to quantity demanded and total revenue when price increases?
 
  A) The quantity demanded does not change but total revenue decreases.
  B) The quantity demanded and total revenue fall to zero.
  C) The quantity demanded and total revenue remain the same.
  D) The quantity demanded does not change but total revenue increases.

Question 2

Which of the following explains why fluctuations in real GDP have become less volatile in the United States since 1950?
 
  A) Services have become a smaller fraction of GDP since the 1950s.
  B) Unemployment insurance and other government transfer programs are more prevalent since the 1950s.
  C) The government has become more reluctant to intervene when real GDP declines and unemployment rises since the 1950s.
  D) both B and C
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
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lkoler

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Reply #1 on: Jun 29, 2018
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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yoroshambo

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

yeungji

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

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