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

Author Question: Demand price elasticity is measured by the: a. percentage change in income / percentage change in ... (Read 99 times)

notis

  • Hero Member
  • *****
  • Posts: 596
on: Jun 30, 2018
Demand price elasticity is measured by the:
 a. percentage change in income / percentage change in price.
  b. percentage change in quantity demanded / percentage change in income.
  c. percentage change in price / percentage change in quantity demanded.
  d. percentage change in quantity demanded / percent change in price.
  e. percentage change in total revenue / percentage change in price.

Question 2

Which of the statements below does not describe a demand curve that is unit elastic?
 a. The percentage change in the quantity demanded = percentage change in product price.
  b. An increase in product price will not change total revenue.
  c. The price elasticity of demand equals one.
  d. A change in price does not change quantity demanded.
  e. A decrease in product price will not change total revenue.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Jbrasil

  • Sr. Member
  • ****
  • Posts: 337
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

d


notis

  • Member
  • Posts: 596
Reply 2 on: Jun 30, 2018
Gracias!

lkanara2

  • Member
  • Posts: 329
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

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.

A passenger train crosses Stony Creek Bridge in the Rocky Mountains in 1878. Railroads were importan A passenger train crosses Stony Creek Bridge in the Rocky Mountains in 1878. Railroads were importan
The second half of life brings a change from outward to inward concerns and from physical to ... The second half of life brings a change from outward to inward concerns and from physical to ...
Observed change in surface temperature from 1901 to 2012 Observed change in surface temperature from 1901 to 2012
Climate change is an important vector for human diseases Climate change is an important vector for human diseases
Simultaneous Determination of Income and Modernization Simultaneous Determination of Income and Modernization
(left) Urine sample from an unaffected person does not change color upon exposure to air. (right) Ur (left) Urine sample from an unaffected person does not change color upon exposure to air. (right) Ur
Video: Acid-base imbalances - compensation of respiratory acidosis and alkalosis

For a complete list of videos, visit our video library