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 74 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!

upturnedfurball

  • Member
  • Posts: 334
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

As a result of this change, deoxyhemoglobin S As a result of this change, deoxyhemoglobin S
Worldwide Variations in Population and Income Levels Worldwide Variations in Population and Income Levels
The percentage of never-married men and women decreases with age, and by the age of 65, more than ... The percentage of never-married men and women decreases with age, and by the age of 65, more than ...
Climate Change in East Asia Climate Change in East Asia
Income per Capita versus Total Fertility Rate Income per Capita versus Total Fertility Rate
Distribution of skin color as measured by a reflectometer at a wavelength of 685 nm. The results are Distribution of skin color as measured by a reflectometer at a wavelength of 685 nm. The results are
Video: Introduction to Herpes

For a complete list of videos, visit our video library