This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Consider a demand curve that has a constant elasticity value of 0. What happens to quantity demanded ... (Read 134 times)

yoroshambo

  • Hero Member
  • *****
  • Posts: 566
on: Jun 29, 2018
Consider a demand curve that has a constant elasticity value of 0. What happens to quantity demanded and total revenue when price increases?
 
  A) The quantity demanded does not change but total revenue decreases.
  B) The quantity demanded and total revenue fall to zero.
  C) The quantity demanded and total revenue remain the same.
  D) The quantity demanded does not change but total revenue increases.

Question 2

Which of the following explains why fluctuations in real GDP have become less volatile in the United States since 1950?
 
  A) Services have become a smaller fraction of GDP since the 1950s.
  B) Unemployment insurance and other government transfer programs are more prevalent since the 1950s.
  C) The government has become more reluctant to intervene when real GDP declines and unemployment rises since the 1950s.
  D) both B and C
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

lkoler

  • Sr. Member
  • ****
  • Posts: 358
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.
Answer Preview
Only 35% of students answer this correctly


yoroshambo

  • Member
  • Posts: 566
Reply 2 on: Jun 29, 2018
Gracias!

essyface1

  • Member
  • Posts: 347
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

The Speed of Light Is Constant The Speed of Light Is Constant
The titration curve of phosphoric acid (H3PO4), a common buffer in biological sy The titration curve of phosphoric acid (H3PO4), a common buffer in biological sy
A demand delivery system uses a fuel-pressure regulator attached to the fuel pump assembly inside ... A demand delivery system uses a fuel-pressure regulator attached to the fuel pump assembly inside ...
How to create a sine equation when the curve is given How to create a sine equation when the curve is given
The slope of the curve y = ax^3 - bx^2 + cx - 3 at x = 2 is 5. If the point of inflection of the cur The slope of the curve y = ax^3 - bx^2 + cx - 3 at x = 2 is 5. If the point of inflection of the cur
The Oxyhemoglobin Dissociation Curve The Oxyhemoglobin Dissociation Curve
Video: Allergic Rhinitis

For a complete list of videos, visit our video library