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Author Question: If the demand curve for oranges is a downward sloping straight line, the price elasticity of demand ... (Read 131 times)

erika

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  • Posts: 522
on: Jun 29, 2018
If the demand curve for oranges is a downward sloping straight line, the price elasticity of demand will increase the
 
  A) higher the price of oranges.
  B) higher the price of other fruits.
  C) higher the income level of consumers.
  D) lower the price of oranges.

Question 2

Based on the table, what is the marginal social benefit from the 45th slice of pizza?
 
  A) 3.50
  B) 3.25
  C) 0.50
  D) 9


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JaynaD87

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

You are a life saver.


erika

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

Liamb2179

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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