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Home Q & A Board Other Fields Homework Help Business Economics
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Crystalboo92 Crystalboo92
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5 years ago

Question 1.

A ________ line is a perfectly price elastic demand curve.



▸ horizontal

▸ vertical

▸ positively sloped

▸ negatively sloped

Question 2.

When the price of cheddar cheese increases 15%, quantity demanded decreases 15%. The price elasticity of demand for cheddar cheese is ________ and total revenue from cheddar cheese sales will ________.



▸ elastic; decrease

▸ elastic; increase

▸ inelastic; decrease

▸ unit elastic; not change
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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vande746vande746
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5 years ago
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Crystalboo92 Author
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5 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
bbbbbbbh
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Yesterday
Correct Slight Smile TY
Natalie Price
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2 hours ago
Good timing, thanks!
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