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Author Question: The price elasticity of demand for purses is measured in what units? A) dollars B) purses C) ... (Read 235 times)

bobypop

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on: Jun 29, 2018
The price elasticity of demand for purses is measured in what units?
 
  A) dollars
  B) purses
  C) dollars per purse
  D) The price elasticity of demand is a unitless measure.

Question 2

In broad terms the difference between microeconomics and macroeconomics is that
 
  A) they use different sets of tools and ideas.
  B) microeconomics studies decisions of individual people and firms and macroeconomics studies the entire national economy.
  C) macroeconomics studies the effects of government regulation and taxes on the price of individual goods and services whereas microeconomics does not.
  D) microeconomics studies the effects of government taxes on the national unemployment rate.


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wergv

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

D

Answer to Question 2

B


bobypop

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

Dnite

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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