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

Author Question: Elasticity is a measure of: a. the slope of a linear demand curve. b. the slope of a supply curve. ... (Read 61 times)

awywial

  • Hero Member
  • *****
  • Posts: 577
on: Jun 30, 2018
Elasticity is a measure of:
 a. the slope of a linear demand curve.
  b. the slope of a supply curve.
  c. relative responsiveness.
  d. economic welfare.
  e. consumer tastes.

Question 2

A measure of sensitivity or responsiveness to changes in price or income is called:
 a. elasticity.
  b. technology.
  c. supply and demand.
  d. social pressure.
  e. kickback.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

leeeep

  • Sr. Member
  • ****
  • Posts: 315
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

a


awywial

  • Member
  • Posts: 577
Reply 2 on: Jun 30, 2018
:D TYSM

sarah_brady415

  • Member
  • Posts: 328
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Did you know?

Always store hazardous household chemicals in their original containers out of reach of children. These include bleach, paint, strippers and products containing turpentine, garden chemicals, oven cleaners, fondue fuels, nail polish, and nail polish remover.

Did you know?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Scale used to measure pupil size in millimeters. Scale used to measure pupil size in millimeters.
How to solve a pair of linear equations using the Addition-Subtraction Method How to solve a pair of linear equations using the Addition-Subtraction Method
How to solve a distance, time, speed problem using linear algebra How to solve a distance, time, speed problem using linear algebra
How to determine the x- and y- intercepts of a linear equation How to determine the x- and y- intercepts of a linear equation
J or U dose-response curve J or U dose-response curve
Who's Policing the Food Supply? Who's Policing the Food Supply?
Video: Sperm Formation

For a complete list of videos, visit our video library