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

Author Question: If the price elasticity of demand equals 1.0, then as the price falls, the A) quantity demanded ... (Read 103 times)

waynest

  • Hero Member
  • *****
  • Posts: 553
on: Jun 29, 2018
If the price elasticity of demand equals 1.0, then as the price falls, the
 
  A) quantity demanded decreases.
  B) total revenue falls.
  C) quantity demanded does not change.
  D) total revenue does not change.

Question 2

In oligopolistic markets
 
  A) there are many firms.
  B) there are no barriers to entry.
  C) there are only a few firms.
  D) all firms are price takers.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

chreslie

  • Sr. Member
  • ****
  • Posts: 307
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


waynest

  • Member
  • Posts: 553
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

diana chang

  • Member
  • Posts: 288
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

Approximately one in three babies in the United States is now delivered by cesarean section. The number of cesarean sections in the United States has risen 46% since 1996.

J. M. W. Turner, The Upper Falls of the Reichenbach. J. M. W. Turner, The Upper Falls of the Reichenbach.
Palpating for skin elasticity Palpating for skin elasticity
Identify the variable representing each described quantity in the equation Identify the variable representing each described quantity in the equation
If the price charged for a candy bar is p(x) cents, then x thousand candy bars will be sold in ... If the price charged for a candy bar is p(x) cents, then x thousand candy bars will be sold in ...
Suppose a country imports televisions. The country's supply and demand curves are shown in ... Suppose a country imports televisions. The country's supply and demand curves are shown in ...
Sol Duc Falls in Olympic National Park, Washington. Sol Duc Falls in Olympic National Park, Washington.
Video: Mendel's Principles of Dominance, Segregation and Independent Assortment

For a complete list of videos, visit our video library