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 122 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
Wow, this really help

Zebsrer

  • Member
  • Posts: 284
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

Every flu season is different, and even healthy people can get extremely sick from the flu, as well as spread it to others. The flu season can begin as early as October and last as late as May. Every person over six months of age should get an annual flu vaccine. The vaccine cannot cause you to get influenza, but in some seasons, may not be completely able to prevent you from acquiring influenza due to changes in causative viruses. The viruses in the flu shot are killed—there is no way they can give you the flu. Minor side effects include soreness, redness, or swelling where the shot was given. It is possible to develop a slight fever, and body aches, but these are simply signs that the body is responding to the vaccine and making itself ready to fight off the influenza virus should you come in contact with it.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

A method to measure the lateral movement of membrane proteins. A method to measure the lateral movement of membrane proteins.
Using a DMM to measure the open-circuit voltage of a battery. Using a DMM to measure the open-circuit voltage of a battery.
Schematic representations of (a) linear, (b) branched, (c) crosslinked, and (d) network (three-dimen Schematic representations of (a) linear, (b) branched, (c) crosslinked, and (d) network (three-dimen
Blood Supply to the Lungs Blood Supply to the Lungs
Psychologists measure basic memory capacity Psychologists measure basic memory capacity
Slope Formula Slope Formula
Video: Stimulus (introduction)

For a complete list of videos, visit our video library