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

Author Question: A demand curve that has constant price elasticity of demand coefficient equals to one at all points ... (Read 76 times)

Pineappleeh

  • Hero Member
  • *****
  • Posts: 585
on: Jun 30, 2018
A demand curve that has constant price elasticity of demand coefficient equals to one at all points is a(n):
 a. rectangular hyperbola.
  b. downward-sloping straight line.
  c. upward-sloping straight line.
  d. none of these.

Question 2

A perfectly elastic demand curve has a price elasticity of demand coefficient of:
 a. zero.
  b. 1.
  c. greater than 1, but less than infinity.
  d. less than 1, but greater than zero.
  e. infinity.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Jadwiga9

  • Sr. Member
  • ****
  • Posts: 316
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

e


Pineappleeh

  • Member
  • Posts: 585
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

ricroger

  • Member
  • Posts: 352
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Examining the survivorship curve of a Dall mountain sheep population reveals information on the caus Examining the survivorship curve of a Dall mountain sheep population reveals information on the caus
An Inverted U Curve An Inverted U Curve
Growth in the demand for oil from the developing world Growth in the demand for oil from the developing world
Relative Humidity Changes at Constant Water-Vapor Content Relative Humidity Changes at Constant Water-Vapor Content
A highway curve of radius 80 m is banked at 45°. Suppose that an ice storm hits, and the ... A highway curve of radius 80 m is banked at 45°. Suppose that an ice storm hits, and the ...
Type III curve. Mortality is highest early in life. Data for a desert shrub (Cleome droserifolia). Type III curve. Mortality is highest early in life. Data for a desert shrub (Cleome droserifolia).
Video: Action potentials - electrical characteristics and generation

For a complete list of videos, visit our video library