« previous next »

Author Question: If an increase in income results in a rightward parallel shift of the demand curve, then at any ... (Read 91 times)

natalie2426

  • Hero Member
  • *****
  • Posts: 524
on: Jul 1, 2018
If an increase in income results in a rightward parallel shift of the demand curve, then at any given price, the price elasticity of demand will have
 
  A) increased in absolute terms.
  B) decreased in absolute terms.
  C) remained unchanged.
  D) increased, decreased or stayed the same. It cannot be determined.

Question 2

Suppose the demand function for a good is expressed as Q = 100 - 4p. If the good currently sells for 10, then the price elasticity of demand equals
 
  A) -1.5.
  B) -0.67.
  C) -4.
  D) -2.5.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


nothere

  • Sr. Member
  • ****
  • Posts: 324
Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

(A) Scratch test; patient is exposed to allergens through a light scratch on the skin; (B) Positive (A) Scratch test; patient is exposed to allergens through a light scratch on the skin; (B) Positive
Attention and memory are in demand during circle time. Attention and memory are in demand during circle time.
If the gauge reading is now much higher than the first test results, then the cause of the low ... If the gauge reading is now much higher than the first test results, then the cause of the low ...
How to plot a sine function containing an amplitude and phase shift (Question 1 of 3) How to plot a sine function containing an amplitude and phase shift (Question 1 of 3)
How to find the phase shift from a graph? How to find the phase shift from a graph?
During a period of high power demand, the voltage output of the power company is reduced by ... During a period of high power demand, the voltage output of the power company is reduced by ...
Video: The Lac Operon in E. Coli

For a complete list of videos, visit our video library