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Author Question: If the demand curve is unit elastic, this implies that: a. consumers do not react to a change in ... (Read 112 times)

storky111

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on: Jun 30, 2018
If the demand curve is unit elastic, this implies that:
 a. consumers do not react to a change in product price.
  b. the good can only be purchased in units of 1.
  c. this good has no good substitutes.
  d. the good is a basic food staple.
  e. the percentage change in the quantity demanded = the percentage change in product price.

Question 2

If the demand curve over a certain range is price elastic, this implies that the:
 a. percentage change in the quantity demanded exceeds one.
  b. percentage change in the quantity demanded exceeds the percentage change in product price.
  c. percentage change in price exceeds the percentage change in quantity demanded.
  d. product is non-reactive.
  e. product has no good substitute.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Leostella20

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Reply #1 on: Jun 30, 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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storky111

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

Missbam101

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

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