Top Posters
Since Sunday
7
n
3
j
3
o
2
x
2
c
2
2
p
2
n
2
3
2
C
2
z
2
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
dwilliams11 dwilliams11
wrote...
Go to Answer
Posts: 443
Rep: 16 0
5 years ago
If the price elasticity of demand for good A is -2, then a 1% increase in

• the market price of good A will result in a 2% increase in the quantity demanded of good A.

• consumer income will result in a 2% increase in the demand for good A.

• consumer income will result in a 2% decrease in the demand for good A.

• the market price of good A will result in a 2% decrease in the quantity demanded of good A.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
Read 45 times
1 Reply
Replies
Answer verified by a subject expert
jfinn1021jfinn1021
wrote...
#1
Posts: 388
Rep: 62 0
5 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

dwilliams11 Author
wrote...

5 years ago
Brilliant ツ
sweetalia
wrote...

Yesterday
Thank you, thank you, thank you!
mikeh209
wrote...

2 hours ago
This helped my grade so much Perfect
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1012 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 710
  
 228
  
 619
Your Opinion
How often do you eat-out per week?
Votes: 79
Previous poll results: Which industry do you think artificial intelligence (AI) will impact the most?