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Author Question: If a one percent increase in the population leads to a five percent increase in the quantity sold, ... (Read 113 times)

kaid0807

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on: Jul 1, 2018
If a one percent increase in the population leads to a five percent increase in the quantity sold, an economist would claim
 
  A) the good is elastic with respect to population.
  B) the good is inelastic with respect to population.
  C) the good is a fad.
  D) consumers are misinformed about the quality of the product.

Question 2

The price elasticity of demand
 
  A) depends on the units in which quantity is measured.
  B) depends on the units in which price is measured.
  C) depends on the units in which money is measured.
  D) is independent of the units in which quantity and price are measured.
Microeconomics ¦ Perloff ¦ 8th Edition
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tofugiraffe

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Reply #1 on: Jul 1, 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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kaid0807

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

phuda

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

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