« previous next »

Author Question: Within different price ranges along a linear demand curve, elasticities are: a. constant. b. ... (Read 182 times)

shenderson6

  • Hero Member
  • *****
  • Posts: 573
on: Jun 30, 2018
Within different price ranges along a linear demand curve, elasticities are:
 a. constant.
  b. different.
  c. equal.
  d. the same as slope.
  e. negative 1.

Question 2

A health club sells 50 memberships when the monthly price is 60 and 70 memberships when the monthly price is 40 . The price elasticity of demand for memberships at this health club is (using the average values method):
 a. 0.25.
  b. 0.6.
  c. 1.0.
  d. 1.1.
  e. 0.83


lorealeza77

  • Sr. Member
  • ****
  • Posts: 356
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

e


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Thyroid conditions may make getting pregnant impossible.

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

The linear meiosis of Neurospora The linear meiosis of Neurospora
Drug tolerance: A shift in the dose-response curve to the right as a result of exposure to the drug. Drug tolerance: A shift in the dose-response curve to the right as a result of exposure to the drug.
How to solve a linear system with three unknowns using substitution (Question 2 of 2) How to solve a linear system with three unknowns using substitution (Question 2 of 2)
The Lorenz Curve for the United States, 2009 The Lorenz Curve for the United States, 2009
The slope of the curve y = ax^3 - bx^2 + cx - 3 at x = 2 is 5. If the point of inflection of the cur The slope of the curve y = ax^3 - bx^2 + cx - 3 at x = 2 is 5. If the point of inflection of the cur
Write equilibrium constant expressions for the following reactions in terms of concentration: Write equilibrium constant expressions for the following reactions in terms of concentration:
Video: Functional zones in a mitochondrion

For a complete list of videos, visit our video library