Author Question: If a 1 change in the price of a good causes a 1 change in the quantity demanded, the good has an ... (Read 100 times)

kfurse · **on:** Jun 29, 2018

If a 1 change in the price of a good causes a 1 change in the quantity demanded, the good has an elasticity of demand:

A) equal to 0.
B) less than 1.
C) equal to 1.
D) greater than 1.

Question 2

MSB equals

A) MC + the marginal external cost.
B) MC + the marginal external benefit.
C) MB + the marginal external cost.
D) MB + the marginal external benefit.
E) MB + MC.