« previous next »

Author Question: If price elasticity is 3.25, then demand is A) inelastic. B) elastic. C) unitary. D) ... (Read 96 times)

ARLKQ

  • Hero Member
  • *****
  • Posts: 571
on: Jun 30, 2018
If price elasticity is 3.25, then demand is
 A) inelastic.
  B) elastic.
  C) unitary.
  D) negative.

Question 2

Other things equal, who of the following would not tend to earn more?
 a. Someone in a riskier or more unpleasant job, rather than a safer or more pleasant job.
  b. Someone in a job that requires a graduate degree rather than an undergraduate degree.
  c. Someone who works longer hours, rather than shorter hours.
 d. All of the above would tend to earn more.


srodz

  • Sr. Member
  • ****
  • Posts: 333
Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

d


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

Always store hazardous household chemicals in their original containers out of reach of children. These include bleach, paint, strippers and products containing turpentine, garden chemicals, oven cleaners, fondue fuels, nail polish, and nail polish remover.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

An Oil-dependent World— Supply and Demand Driven An Oil-dependent World— Supply and Demand Driven
Many ideologies stem from older theories. The ideas of the philosophers are simplified. Ideologies Many ideologies stem from older theories. The ideas of the philosophers are simplified. Ideologies
The population of Asia increases rapidly, the demand for food and water is also growing The population of Asia increases rapidly, the demand for food and water is also growing
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
Your company advertises all prices on the menu board as a final price, including HST of 13%. A ... Your company advertises all prices on the menu board as a final price, including HST of 13%. A ...
Video: Polysaccharides

For a complete list of videos, visit our video library