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

Author Question: If the demand curve for oranges is a downward sloping straight line, the price elasticity of demand ... (Read 75 times)

erika

  • Hero Member
  • *****
  • Posts: 522
If the demand curve for oranges is a downward sloping straight line, the price elasticity of demand will increase the
 
  A) higher the price of oranges.
  B) higher the price of other fruits.
  C) higher the income level of consumers.
  D) lower the price of oranges.

Question 2

Based on the table, what is the marginal social benefit from the 45th slice of pizza?
 
  A) 3.50
  B) 3.25
  C) 0.50
  D) 9



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

JaynaD87

  • Sr. Member
  • ****
  • Posts: 368
Answer to Question 1

A

Answer to Question 2

You are a life saver.




erika

  • Member
  • Posts: 522
Reply 2 on: Jun 29, 2018
Excellent


Jsherida

  • Member
  • Posts: 314
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

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?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

For a complete list of videos, visit our video library