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

Author Question: An economist estimates that .67 is the price elasticity of demand for disposable diapers. This ... (Read 101 times)

Jipu 123

  • Hero Member
  • *****
  • Posts: 569
on: Jun 30, 2018
An economist estimates that .67 is the price elasticity of demand for disposable diapers. This suggests that disposable diaper producers could:
 a. advertise more to raise the price elasticity of demand.
  b. encourage more parents to use cloth diapers.
  c. lower the price of disposable diapers to raise more revenue.
  d. raise the price of disposable diapers to raise more revenue.
  e. maximize revenues by staying at the current price.

Question 2

If demand for a good is price elastic, then the price elasticity will be:
 a. equal to one.
  b. equal to zero.
  c. greater than one.
  d. less than one.
  e. less than zero.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

leahm14

  • Sr. Member
  • ****
  • Posts: 322
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

c


Jipu 123

  • Member
  • Posts: 569
Reply 2 on: Jun 30, 2018
:D TYSM

FergA

  • Member
  • Posts: 352
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

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?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Body weight estimates. Body weight estimates.
Disposable thermometers with chemical dots. (A) Axillary thermometer (marked “AX”); (B) rectal ... Disposable thermometers with chemical dots. (A) Axillary thermometer (marked “AX”); (B) rectal ...
A disposable cautery unit. A disposable cautery unit.
Real Price of Oil, 1861–2010 Real Price of Oil, 1861–2010
Price of Computers, 1982–2010 Price of Computers, 1982–2010
Find the factor demand for labour and the amount of output it will produce. Show all ... Find the factor demand for labour and the amount of output it will produce. Show all ...
Video: Rh blood type and complications during pregnancy & Fertilization

For a complete list of videos, visit our video library