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Author Question: If the price elasticity of demand is unit elastic, a 10 percent increase in price will result in a ... (Read 171 times)

vHAUNG6011

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on: Jun 29, 2018
If the price elasticity of demand is unit elastic, a 10 percent increase in price will result in a 10 percent increase in revenue.
 
  Indicate whether the statement is true or false

Question 2

Assume that Bulgaria has a comparative advantage in producing sandals and Finland imports sandals from Bulgaria. We can conclude that
 
  A) Labor costs are higher for sandal producers in Finland than in Bulgaria.
  B) Bulgaria also has an absolute advantage in producing sandals relative to Finland.
  C) Bulgaria has a lower opportunity cost of producing sandals relative to Finland.
  D) Finland has an absolute disadvantage in producing sandals relative to Bulgaria.
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Pswine

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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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vHAUNG6011

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Reply #2 on: Jun 29, 2018
Thank you


Pswine

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Reply #3 on: Jun 29, 2018
No problemo


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