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

Author Question: The elasticity is the ratio of the percentage change in the quantity divided by the percentage ... (Read 100 times)

MGLQZ

  • Hero Member
  • *****
  • Posts: 579
on: Mar 3, 2019
The elasticity is the ratio of the percentage change in the quantity divided by the percentage change in the price. Which of the following statement(s) is true about elasticity?
◦ The bigger the percentage change in quantity relative to the percentage change in price, the more elastic is demand.
◦ When price changes by more than quantity, the demand is said to be elastic.
◦ When quantity changes by more than price, the demand is said to be inelastic.
◦ When quantity changes by more than price, the demand is said to be elastic.
◦ both A and D
Tourism: Concepts and Practices ¦ Walker, Walker ¦ 1st Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by MGLQZ on Mar 3, 2019

ndhahbi

  • Sr. Member
  • ****
  • Posts: 390
Reply #1 on: Mar 3, 2019
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 29% of students answer this correctly


MGLQZ

  • Hero Member
  • *****
  • Posts: 579
Reply #2 on: Mar 3, 2019
TY


ndhahbi

  • Sr. Member
  • ****
  • Posts: 390
Reply #3 on: Mar 3, 2019
You're welcome


« previous next »
 

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Independent assortment of chromosomes at meiosis explains Mendel’s ratio Independent assortment of chromosomes at meiosis explains Mendel’s ratio
Change Women’s Roles Change Women’s Roles
With a three-way catalytic converter, emission control is most efficient with an air–fuel ratio ... With a three-way catalytic converter, emission control is most efficient with an air–fuel ratio ...
Carbon Dioxide, Trace Gases, and Climate Change Carbon Dioxide, Trace Gases, and Climate Change
The Effect of Using a Ratio Scale The Effect of Using a Ratio Scale
Climate change Climate change
Video: Types of disease resistance: innate defenses & immunity

For a complete list of videos, visit our video library