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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 65 times)

kfurse

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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.


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jaaaaaaa

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

C

Answer to Question 2

D


kfurse

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

scikid

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Reply 3 on: Yesterday
Wow, this really help

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