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

Author Question: If a one percent increase in the population leads to a five percent increase in the quantity sold, ... (Read 127 times)

kaid0807

  • Hero Member
  • *****
  • Posts: 515
on: Jul 1, 2018
If a one percent increase in the population leads to a five percent increase in the quantity sold, an economist would claim
 
  A) the good is elastic with respect to population.
  B) the good is inelastic with respect to population.
  C) the good is a fad.
  D) consumers are misinformed about the quality of the product.

Question 2

The price elasticity of demand
 
  A) depends on the units in which quantity is measured.
  B) depends on the units in which price is measured.
  C) depends on the units in which money is measured.
  D) is independent of the units in which quantity and price are measured.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

tofugiraffe

  • Sr. Member
  • ****
  • Posts: 319
Reply #1 on: Jul 1, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 56% of students answer this correctly


kaid0807

  • Member
  • Posts: 515
Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

Kedrick2014

  • Member
  • Posts: 359
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

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

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

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.

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Analogy for How Magnetic Field Strengths Increase Analogy for How Magnetic Field Strengths Increase
Three Population Pyramids Three Population Pyramids
Connect the leads of the meter to contacts 30 and 87 of the relay socket. The reading of 4.7 ... Connect the leads of the meter to contacts 30 and 87 of the relay socket. The reading of 4.7 ...
Compression used to increase circulation when the athlete is clothed. Compression used to increase circulation when the athlete is clothed.
Approximately 40 percent of farmers in the United States are 55 years old or older Approximately 40 percent of farmers in the United States are 55 years old or older
Population and Community Health Nursing, 6th Edition Population and Community Health Nursing, 6th Edition
Video: Structures that affect circulation - venous return

For a complete list of videos, visit our video library