Top Posters
Since Sunday
e
5
e
4
4
d
4
o
3
p
3
t
3
3
m
3
p
3
m
3
f
3
Home Q & A Board Other Fields Homework Help Business
New Topic  
Lauren1 Lauren1
wrote...
Go to Answer
Posts: 4120
Rep: 12 0
9 years ago
A decrease in the price of eggs from $1.50 to $1.30 per dozen resulted in an increase in egg purchases in two cities. In Philadelphia, daily egg purchases increased from 6000 to 8000 dozens; in nearby Dover, Delaware, daily egg purchases increased from 300 to 400 dozens. The price elasticity of demand is therefore
A) lower in the smaller city as would be expected.
B) greater in the smaller city as would be expected.
C) certainly affected by population differences in different markets.
D) the same in Philadelphia as in Dover.
Read 374 times
3 Replies
Replies
Answer accepted by topic starter
MrDerecheMrDereche
wrote...
#1
Top Poster
Posts: 4095
Rep: 304 0
9 years ago
Sign in or Sign up in seconds to unlock everything for free
1

Related Topics

Lauren1 Author
wrote...
#2
9 years ago
Thank you, this really, really helps Heavy Heart
wrote...
#3
9 years ago
You're welcome!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  965 People Browsing
 116 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 1271
  
 226
  
 1032
Your Opinion
What percentage of nature vs. nurture dictates human intelligence?
Votes: 432
Previous poll results: Which is the best fuel for late night cramming?