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

Author Question: The export demand price elasticity is more elastic than domestic demand. Indicate whether the ... (Read 29 times)

dejastew

  • Hero Member
  • *****
  • Posts: 562
on: Jul 22, 2018
The export demand price elasticity is more elastic than domestic demand.
 
  Indicate whether the statement is true or false

Question 2

The price elasticity of demand is always negative.
 
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

connor417

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jul 22, 2018
Answer to Question 1

TRUE

Answer to Question 2

TRUE , since demand is downward sloping to the right, the price elasticity must be negative.


dejastew

  • Hero Member
  • *****
  • Posts: 562
Reply #2 on: Jul 22, 2018
Thanks


connor417

  • Sr. Member
  • ****
  • Posts: 329
Reply #3 on: Jul 22, 2018
Welcome :)


« previous next »
 

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

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?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

Elastic fibres are made of elastin, one type of structural protein found in the ECM of animal cells Elastic fibres are made of elastin, one type of structural protein found in the ECM of animal cells
The Elastic Rebound Theory The Elastic Rebound Theory
Classic Supply - Demand Curve Classic Supply - Demand Curve
The growth in demand for energy use is met by burning fossil fuels The growth in demand for energy use is met by burning fossil fuels
The demand for cheap coal to generate electrical power is rising The demand for cheap coal to generate electrical power is rising
Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ... Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ...
Video: Mechanisms of capillary exchange

For a complete list of videos, visit our video library