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Author Question: When quantity is measured in gallons, the price elasticity of demand for milk will be __________ the ... (Read 90 times)

kshipps

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on: Jul 1, 2018
When quantity is measured in gallons, the price elasticity of demand for milk will be __________ the price elasticity when quantity is measured in quarts.
 a. the same as
  b. four times
  c. one quarter
  d. two times
  e. less than

Question 2

Elasticity is always
 a. measured in dollars
  b. measured in dollars per unit of quantity
  c. measured in units of quantity
  d. measured in units of quantity per dollar
  e. independent of the units of measurement


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Sarahjh

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Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

E


kshipps

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

blakcmamba

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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