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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 67 times
3 Replies

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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
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