[Answered] Firms would like to know the price elasticity of demand for their products because it helps ...

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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.

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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

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