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

Author Question: Over a particular price range, if the quantity effect of a price decrease is smaller than the price ... (Read 58 times)

Garrulous

  • Hero Member
  • *****
  • Posts: 686
on: Jun 29, 2018
Over a particular price range, if the quantity effect of a price decrease is smaller than the price effect, it implies that:
 
  A) demand is elastic in the price range.
  B) demand is inelastic in the price range.
  C) the demand curve is horizontal in the price range.
  D) the demand curve is upward sloping in the price range.

Question 2

Over a particular price range, if the quantity effect of a price decrease is larger than the price effect, it implies that:
 
  A) demand is inelastic in the price range.
  B) demand is elastic in the price range.
  C) the demand curve is vertical in the price range.
  D) the demand curve is upward sloping in the price range.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

swimkari

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


Garrulous

  • Hero Member
  • *****
  • Posts: 686
Reply #2 on: Jun 29, 2018
Thank you


swimkari

  • Sr. Member
  • ****
  • Posts: 332
Reply #3 on: Jun 29, 2018
No problemo


« previous next »
 

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Rhytidoplasty. This is a common form of plastic surgery in which the skin is pulled and sutured to d Rhytidoplasty. This is a common form of plastic surgery in which the skin is pulled and sutured to d
The Greenhouse Effect in a Car The Greenhouse Effect in a Car
The Greenhouse Effect The Greenhouse Effect
Effect of pH on drug absorption: (a) a weak acid such as aspirin (ASA) is in a nonionized form in an Effect of pH on drug absorption: (a) a weak acid such as aspirin (ASA) is in a nonionized form in an
The fact that a mother works outside the home has no negative effect on the well-being of her child ... The fact that a mother works outside the home has no negative effect on the well-being of her child ...
The Serial-Position Effect The Serial-Position Effect
Video: Blood Flow through the Human Heart

For a complete list of videos, visit our video library