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Author Question: Refer to the figure above. What is the absolute value of the arc elasticity of demand when the price ... (Read 82 times)

Evvie72

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on: Jun 29, 2018
Refer to the figure above. What is the absolute value of the arc elasticity of demand when the price increases from 6 to 8?
 
  A) 1.25
  B) 2.75
  C) 3.45
  D) 4.00

Question 2

The production of a certain fertilizer emits a gas that keeps away mosquitoes and other insects from the surrounding community. This is an example of a ________.
 
  A) positive externality
  B) negative externality
  C) pecuniary externality
  D) comparative externality


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abro1885

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

C

Answer to Question 2

A


Evvie72

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

smrtceo

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Reply 3 on: Yesterday
Excellent

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