« previous next »

Author Question: Price elasticity of demand is defined as a. the percentage change in price divided by the ... (Read 48 times)

karateprodigy

  • Hero Member
  • *****
  • Posts: 550
on: Jul 1, 2018
Price elasticity of demand is defined as
 a. the percentage change in price divided by the percentage change in quantity demanded
  b. the percentage change in quantity demanded divided by the percentage change in price
  c. the change in quantity demanded divided by the change in price
  d. the change in price divided by the change in quantity demanded
  e. the quantity demanded divided by the price

Question 2

The general term elasticity refers to a relationship between
 a. quantity demanded and price only
  b. quantity supplied and price only
  c. quantity supplied or demanded and price only
  d. quantity supplied or demanded and anything other than price
  e. percentage changes in any two variables


carolinefletcherr

  • Sr. Member
  • ****
  • Posts: 313
Reply #1 on: Jul 1, 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?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Drag the labels to indicate the change in the size of the reservoir. . . Drag the labels to indicate the change in the size of the reservoir. . .
Climate change is an important vector for human diseases Climate change is an important vector for human diseases
Percentage distribution of outcomes of teenaged pregnancy Percentage distribution of outcomes of teenaged pregnancy
The coefficient of the restitution of an object is defined as the ratio of its outgoing to ... The coefficient of the restitution of an object is defined as the ratio of its outgoing to ...
If the price charged for a candy bar is p(x) cents, then x thousand candy bars will be sold in ... If the price charged for a candy bar is p(x) cents, then x thousand candy bars will be sold in ...
Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price. Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.
Video: Activation Energy - Valence Electrons

For a complete list of videos, visit our video library