× Didn't find what you were looking for? Ask a question
Top Posters
Since Sunday
New Topic  
jujubee600 jujubee600
wrote...
Posts: 467
5 years ago

Question 1.

If the calculated price elasticity of demand between two points is -1.5, demand is

• unit-elastic.

• elastic.

• unresponsive to price.

• inelastic.

Question 2.

When the calculated price elasticity of demand is -0.85, demand is

• unit-elastic.

• perfectly inelastic.

• elastic.

• inelastic.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
Read 64 times
3 Replies

Related Topics

Replies
wrote...
5 years ago

Answer 1

elastic.

Answer 2

inelastic.
jujubee600 Author
wrote...
5 years ago
This helped my grade so much
wrote...
5 years ago
Perfect
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  1249 People Browsing
Related Images
  
 142
  
 331
  
 242
Your Opinion
Which industry do you think artificial intelligence (AI) will impact the most?
Votes: 352