« previous next »

Author Question: If the price elasticity of demand is 1, demand is: (Read 45 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?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

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?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Alan Price - Poor People Alan Price - Poor People
Classic Supply - Demand Curve Classic Supply - Demand Curve
Growth in the demand for oil from the developing world Growth in the demand for oil from the developing world
The demand for energy is met by burning coal and other fossil fuels The demand for energy is met by burning coal and other fossil fuels
The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ... The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ...
During a period of high power demand, the voltage output of the power company is reduced by ... During a period of high power demand, the voltage output of the power company is reduced by ...
Video: Heart Chambers

For a complete list of videos, visit our video library