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 79 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
Thanks for the timely response, appreciate it

pangili4

  • Member
  • Posts: 346
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Four Arch Curve Four Arch Curve
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
Bidirectional replication from several fixed origins (O) on a linear eukaryotic chromosome Bidirectional replication from several fixed origins (O) on a linear eukaryotic chromosome
China has relied on cheap coal to meet its demand for energy China has relied on cheap coal to meet its demand for energy
Blood Supply of the Liver Blood Supply of the Liver
A bell-shaped, or “normal,” curve shows the distribution of phenotypes for traits controlled by ... A bell-shaped, or “normal,” curve shows the distribution of phenotypes for traits controlled by ...
Video: What are Taste Receptors? How Does it Work? Animation

For a complete list of videos, visit our video library