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

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 124 times)

kfurse

  • Hero Member
  • *****
  • Posts: 590
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jaaaaaaa

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

D


kfurse

  • Member
  • Posts: 590
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

rachel

  • Member
  • Posts: 323
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

More than 4.4billion prescriptions were dispensed within the United States in 2016.

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

The Revolutionary Change in the U.S Workforce The Revolutionary Change in the U.S Workforce
A good posture for practicing meditation is seated in a chair with the back upright and in ... A good posture for practicing meditation is seated in a chair with the back upright and in ...
Ice cores as indicators of environmental change Ice cores as indicators of environmental change
The impact of climate change on natural ecosystems The impact of climate change on natural ecosystems
The roots of climate change The roots of climate change
U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994 U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994
Video: Structures that affect circulation - kidneys and blood volume and skeletal muscle pumping

For a complete list of videos, visit our video library