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Title: A _______ demand curve has a price elasticity of demand that is perfectly inelastic. Post by: sulee on Feb 27, 2018 A _______ demand curve has a price elasticity of demand that is perfectly inelastic.
a. circular b. horizontal c. rectangular hyperbola d. vertical QUESTION 2 A _______ demand curve has a price elasticity of demand that is perfectly elastic. a. vertical b. rectangular hyperbola c. horizontal d. circular QUESTION 3 Suppose you are on a committee seeking to increase revenue from your city's bus system. If demand is _______, you would recommend raising the fare. a. perfectly elastic b. elastic c. unitary elastic d. inelastic QUESTION 4 If the price elasticity of demand for a product measures .45, a. this good has many available substitutes. b. this good must be a nonessential good. c. this good is a high-priced good. d. a decrease in price will increase total revenue. e. this good is demand price inelastic. QUESTION 5 Elasticity measures how sensitive consumers are by measuring their change in ____ as the price of the product changes. a. attitude b. income c. quantity demanded d. supply e. taxes Title: A _______ demand curve has a price elasticity of demand that is perfectly inelastic. Post by: jeff21welch on Feb 27, 2018 Content hidden
Title: A _______ demand curve has a price elasticity of demand that is perfectly inelastic. Post by: sulee on Feb 27, 2018 TY
Title: A _______ demand curve has a price elasticity of demand that is perfectly inelastic. Post by: jeff21welch on Feb 27, 2018 My pleasure
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