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Author Question: The price elasticity of demand depends on A) the units used to measure price and the units used ... (Read 108 times)

Cooldude101

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on: Jun 29, 2018
The price elasticity of demand depends on
 
  A) the units used to measure price and the units used to measure quantity.
  B) the units used to measure price but not the units used to measure quantity.
  C) the units used to measure quantity but not the units used to measure price.
  D) neither the units used to measure price nor the units used to measure quantity.

Question 2

In the above figure, which movement illustrates the impact of a rising price level and a constant money wage rate?
 
  A) E to I
  B) E to F
  C) E to G
  D) E to K


6ana001

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


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