This topic contains a solution. Click here to go to the answer

Author Question: Consider a demand curve that has a constant elasticity value of 0. What happens to quantity demanded ... (Read 135 times)

yoroshambo

  • Hero Member
  • *****
  • Posts: 566
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


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
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
Wow, this really help


lindahyatt42

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Gracias!

 

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

For a complete list of videos, visit our video library