« previous next »

Author Question: Refer to Figure 6-7. Using the total revenue test to verify the price elasticity between points a ... (Read 57 times)

kamilo84

  • Sr. Member
  • ****
  • Posts: 495
on: Jun 29, 2018
Refer to Figure 6-7. Using the total revenue test to verify the price elasticity between points a and b on the demand curve, demand is
 
  A) perfectly inelastic. B) perfectly elastic. C) elastic. D) unit-elastic.

Question 2

Refer to Figure 3-2. An increase in the number of firms in the market would be represented by a movement from
 
  A) A to B. B) B to A. C) S1 to S2. D) S2 to S1.


fwbard

  • Sr. Member
  • ****
  • Posts: 325
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

kamilo84

  • Sr. Member
  • ****
  • Posts: 495
Reply #2 on: Jun 29, 2018
Correct answers!


fwbard

  • Sr. Member
  • ****
  • Posts: 325
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

A Test for the Blind Spot A Test for the Blind Spot
The primary pulse points of the body. The primary pulse points of the body.
Apply thumb pressure to points along the spine bilaterally from superior or inferior. Keep your ... Apply thumb pressure to points along the spine bilaterally from superior or inferior. Keep your ...
A wave whose wavelength is 0.500 m is traveling down a 500-m long wire whose total mass is 25 ... A wave whose wavelength is 0.500 m is traveling down a 500-m long wire whose total mass is 25 ...
Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ... Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ...
Trihybrid cross to verify independent assortment Trihybrid cross to verify independent assortment
Video: Frequency of stimulation and force (Recruitment of motor units and force)

For a complete list of videos, visit our video library