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

Author Question: Firms would like to know the price elasticity of demand for their products because it helps ... (Read 8 times)

theo

  • Hero Member
  • *****
  • Posts: 698
on: Jun 30, 2018
Firms would like to know the price elasticity of demand for their products because it helps determine the effect of price changes on the firms':
 a. property taxes.
  b. competitors' profits.
  c. quantity supplied.
  d. revenues.
  e. total costs.

Question 2

Another word for elasticity is:
 a. responsiveness.
  b. happiness.
  c. bonus
  d. profit.
  e. surplus.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

JaynaD87

  • Sr. Member
  • ****
  • Posts: 368
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

a


theo

  • Hero Member
  • *****
  • Posts: 698
Reply #2 on: Jun 30, 2018
Thank you :)


JaynaD87

  • Sr. Member
  • ****
  • Posts: 368
Reply #3 on: Jun 30, 2018
Happy to help you


« previous next »
 

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

The Railroads: Moving Agricultural Products to Eastern Markets, 1890 The Railroads: Moving Agricultural Products to Eastern Markets, 1890
The hypothalamus helps regulate body temperature. The hypothalamus helps regulate body temperature.
Sex Hormone Products Sex Hormone Products
The two phases of glycolysis and the products of glycolysis The two phases of glycolysis and the products of glycolysis
Functions of Vitamin D Vitamin D Helps Bone Health by Regulating Calcium and Phosphorus Functions of Vitamin D Vitamin D Helps Bone Health by Regulating Calcium and Phosphorus
Transfer of endosymbiont genes to the nuclear genome and destinations of encoded protein products Transfer of endosymbiont genes to the nuclear genome and destinations of encoded protein products
Video: Otitis Media

For a complete list of videos, visit our video library