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

Author Question: When a good has a unitary price elasticity, consumer expenditures for the good A) change in the ... (Read 127 times)

Coya19@aol.com

  • Hero Member
  • *****
  • Posts: 601
on: Jul 1, 2018
When a good has a unitary price elasticity, consumer expenditures for the good
 
  A) change in the same direction as a price change.
  B) change in the opposite direction to a price change, but not necessarily by the same percentage as the price change.
  C) do not change when the price of the good decreases.
  D) change in the opposite direction and by the same percentage as any price change.

Question 2

Supply curves for secondary supply resources (e.g., scrap metal) become:
 
  A) Steeper in the short run
  B) More elastic in the long run
  C) Steeper in the long run
  D) More inelastic in the short run


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ktidd

  • Sr. Member
  • ****
  • Posts: 319
Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

C


Coya19@aol.com

  • Member
  • Posts: 601
Reply 2 on: Jul 1, 2018
Gracias!

olderstudent

  • Member
  • Posts: 339
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Change in American Gender Attitudes, 1977-2006 Over recent decades, views of gender roles have beco Change in American Gender Attitudes, 1977-2006 Over recent decades, views of gender roles have beco
Good body mechanics for sitting on chair while performing massage. A. Sit with back and head in ... Good body mechanics for sitting on chair while performing massage. A. Sit with back and head in ...
Recent Climate Change Recent Climate Change
From Farm to Consumer From Farm to Consumer
Palpating for skin elasticity Palpating for skin elasticity
A Change of Heart A Change of Heart
Video: Structures that affect circulation - arterioles and vasomotor responses

For a complete list of videos, visit our video library