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 87 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?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Independent assortment of chromosomes at meiosis explains Mendel’s ratio Independent assortment of chromosomes at meiosis explains Mendel’s ratio
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
The More Things Change, The More They Say the Same: Dividing the Nation's Income The More Things Change, The More They Say the Same: Dividing the Nation's Income
International Normalized Ratio Guidelines for Dental Treatment International Normalized Ratio Guidelines for Dental Treatment
Demographic change and the effect on people social, and economic life Demographic change and the effect on people social, and economic life
Change in the frequency of a lethal recessive allele, a Change in the frequency of a lethal recessive allele, a
Video: Acid-base imbalances - metabolic acidosis and alkalosis

For a complete list of videos, visit our video library