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tcshepherd13 tcshepherd13
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6 years ago
More elastic means
 a. unchanging
  b. less desirable
  c. more desirable
  d. less responsive
  e. more responsive

QUESTION 2

Elasticity measures
 a. whether a price increase causes quantity demanded to increase or decrease
  b. the strength of an economy's tendency to recover from recession
  c. the responsiveness of decision makers to changes in prices, income, or other variables
  d. the profitability of investment in an industry
  e. the long-run flexibility of prices in the economy

QUESTION 3

A good synonym for elasticity would be
 a. stability
  b. volatility
  c. stickiness
  d. demand
  e. responsiveness

QUESTION 4

The price elasticity of demand helps determine the effect of price changes on a firm's
 a. property taxes
  b. profits
  c. quantity supplied
  d. revenues
  e. total costs

QUESTION 5

Price elasticity of demand is useful because it measures __________ responsiveness to changes in __________.
 a. taxpayers'; demand
  b. producers'; supply
  c. consumers'; price
  d. consumers'; demand
  e. producers'; income
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Kim12345678900Kim12345678900
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#1
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6 years ago
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tcshepherd13 Author
wrote...
#2
6 years ago
Just confirmed the same answer from my friend, thanks
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