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

Author Question: The price elasticity of demand is 5.0 if a 10 percent increase in the price results in a ________ ... (Read 89 times)

B

  • Hero Member
  • *****
  • Posts: 570
on: Jun 29, 2018
The price elasticity of demand is 5.0 if a 10 percent increase in the price results in a ________ decrease in the quantity demanded.
 
  A) 2 percent
  B) 5 percent
  C) 10 percent
  D) 50 percent

Question 2

In economics, the term land means
 
  A) only land that is used in agricultural production.
  B) land, mineral resources, and nature's other bounties.
  C) land that is devoted to economic pursuits.
  D) land used for agricultural and urban purposes.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jlaineee

  • Sr. Member
  • ****
  • Posts: 380
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


B

  • Hero Member
  • *****
  • Posts: 570
Reply #2 on: Jun 29, 2018
Thank you


jlaineee

  • Sr. Member
  • ****
  • Posts: 380
Reply #3 on: Jun 29, 2018
No problemo


« previous next »
 

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

There are 60,000 miles of blood vessels in every adult human.

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Volvulus. A volvulus results when the small intestine twists, causing an obstruction that can lead t Volvulus. A volvulus results when the small intestine twists, causing an obstruction that can lead t
Blood types and results of donor and recipient combinations. Blood types and results of donor and recipient combinations.
Results Seen in Mono-Diff Tests Results Seen in Mono-Diff Tests
Benedict's test results Benedict's test results
Percent of oxygen in the atmosphere versus altitude. Percent of oxygen in the atmosphere versus altitude.
The Meselson–Stahl experimental results The Meselson–Stahl experimental results
Video: Facilitated Diffusion - Glucose transport

For a complete list of videos, visit our video library