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

Author Question: The price effect is the effect of a ________ on the quantity of the good ________. A) decrease in ... (Read 91 times)

kfurse

  • Hero Member
  • *****
  • Posts: 590
on: Jun 29, 2018
The price effect is the effect of a ________ on the quantity of the good ________.
 
  A) decrease in the price; demanded
  B) change in the price; supplied
  C) change in price and income; consumed
  D) change in the price; consumed

Question 2

If the demand is unit elastic, a price cut will leave the quantity demanded unchanged.
 
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Jevvish

  • Sr. Member
  • ****
  • Posts: 326
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

FALSE


kfurse

  • Member
  • Posts: 590
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

sailorcrescent

  • Member
  • Posts: 334
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

The mechanism of maternal effect in snail coiling. The mechanism of maternal effect in snail coiling.
Take a good look at this woman Take a good look at this woman
Lake-effect snow: Cold air over warm water Lake-effect snow: Cold air over warm water
Good contact feels full, confident, and deliberate and establishes a warm connection between massage ... Good contact feels full, confident, and deliberate and establishes a warm connection between massage ...
Good alignment for sitting posture. Good alignment for sitting posture.
The effect of disruptive selection on bristle number in Drosophila The effect of disruptive selection on bristle number in Drosophila
Video: Methods that regulate pH

For a complete list of videos, visit our video library