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Other Fields Homework Help Economics Topic started by: Migo7s on Mar 3, 2019



Title: When economists want to obtain a measure of the responsiveness of quantity demanded to changes in ...
Post by: Migo7s on Mar 3, 2019

Question 1.

If a new unit excise tax is levied on bottles of soda, the

• demand for soda shifts to the left.

• supply of soda shifts to the right.

• demand for soda shifts to the right.

• supply of soda shifts to the left.

Question 2.

When economists want to obtain a measure of the responsiveness of quantity demanded to changes in price, they use

• the unit change in quantity demanded.

• the cross-price elasticity of demand.

• the price elasticity of demand.

• the slope of the demand curve.


Title: When economists want to obtain a measure of the responsiveness of quantity demanded to changes in ...
Post by: Strategyboyz21 on Mar 3, 2019
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Title: When economists want to obtain a measure of the responsiveness of quantity demanded to changes in ...
Post by: Migo7s on Mar 3, 2019
This calls for a celebration :raised_hands: