« previous next »

Author Question: If the price elasticity of demand is 1, demand is: (Read 43 times)

Garrulous

  • Hero Member
  • *****
  • Posts: 686
on: Jul 20, 2019
If the price elasticity of demand is 1, demand is:
◦ inelastic.
◦ unitary elastic.
◦ elastic.
◦ upward sloping.
Microeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 8th Edition
Buy Test-Bank


djofnc

  • Sr. Member
  • ****
  • Posts: 318
Reply #1 on: Jul 20, 2019
unitary elastic.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

Garrulous

  • Hero Member
  • *****
  • Posts: 686
Reply #2 on: Jul 20, 2019
Thanks


djofnc

  • Sr. Member
  • ****
  • Posts: 318
Reply #3 on: Jul 20, 2019
Welcome :)


« previous next »
 

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

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.

The growth in demand for oil in China is driven by the growth in demand for personal transport The growth in demand for oil in China is driven by the growth in demand for personal transport
The demand for oil can be reduced significantly with the introduction of new higher vehicle mileage The demand for oil can be reduced significantly with the introduction of new higher vehicle mileage
Real Price of Oil, 1861–2010 Real Price of Oil, 1861–2010
Find the factor demand for labour and the amount of output it will produce. Show all ... Find the factor demand for labour and the amount of output it will produce. Show all ...
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 ...
"The Department of Agriculture came out today with its prediction for food price "The Department of Agriculture came out today with its prediction for food price
Video: Genetic distance between human groups

For a complete list of videos, visit our video library