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 178 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?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

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

Did you know?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Range of Motion of the Hip Joint, Hyperextension Range of Motion of the Hip Joint, Hyperextension
Range of Motion of the Ankle and Foot, Plantar Flexion and Dorsiflexion Range of Motion of the Ankle and Foot, Plantar Flexion and Dorsiflexion
DOT placarding requirements: Table 1 materials must be placarded in any quantity, and Table 2 ... DOT placarding requirements: Table 1 materials must be placarded in any quantity, and Table 2 ...
Range for Functions Range for Functions
The retail price of a packaged CD is $60.00, which includes a tax of 4%. What is the actual ... The retail price of a packaged CD is $60.00, which includes a tax of 4%. What is the actual ...
Decrease in mean haplotype heterozygosity Decrease in mean haplotype heterozygosity
Video: Automated external defibrillator (AED)

For a complete list of videos, visit our video library