« previous next »

Author Question: Since it is always a negative number, economists use the convention of taking the absolute value of: ... (Read 57 times)

kshipps

  • Hero Member
  • *****
  • Posts: 571
on: Jun 30, 2018
Since it is always a negative number, economists use the convention of taking the absolute value of:
 a. income elasticity of demand.
  b. cross price elasticity of demand.
  c. price elasticity of supply.
  d. price elasticity of demand.
  e. any elasticity calculation.

Question 2

As one moves down a straight-line, down-sloping demand curve, price elasticity will:
 a. change from elastic, to unit elastic, then to inelastic.
  b. remain the same between any two points.
  c. change from inelastic, to elastic, then to unit elastic.
  d. change from unit elastic, to elastic, then to inelastic.
  e. change from elastic, to inelastic, then to unit elastic.


jlaineee

  • Sr. Member
  • ****
  • Posts: 380
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

a


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Did you know?

Everyone has one nostril that is larger than the other.

Crystallized negative stain salts Crystallized negative stain salts
The relationship between number of acres a Kipsigis man owns and the number of offspring he has duri The relationship between number of acres a Kipsigis man owns and the number of offspring he has duri
Nonverbal communications convey strong, powerful messages that may be negative or positive. Nonverbal communications convey strong, powerful messages that may be negative or positive.
How to use the discriminant to determine the number of roots for any quadratic equation How to use the discriminant to determine the number of roots for any quadratic equation
Average Number of Days per Year with Thunderstorms Average Number of Days per Year with Thunderstorms
Helgeson Company has identified the following items for possible inclusion when taking a ... Helgeson Company has identified the following items for possible inclusion when taking a ...
Video: Fetal Development of the Cardiovascular System

For a complete list of videos, visit our video library