Top Posters
Since Sunday
5
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
stars_and_moon stars_and_moon
wrote...
Go to Answer
Posts: 3218
Rep: 11 0
7 years ago
When the price of earrings increases by 4%, the quantity demanded of earrings falls by 8%. Which of the following statements is true?
A) Elasticity = 2 and earrings are inelastic.
B) Elasticity = 0.5 and earrings are elastic.
C) Elasticity = 2 and earrings are elastic.
D) Elasticity = 0.5 and earrings are inelastic.
Read 130 times
3 Replies
Replies
Answer verified by a subject expert
kingbykingby
wrote...
#1
Top Poster
Posts: 3218
Rep: 26 0
7 years ago
Sign in or Sign up in seconds to unlock everything for free
1

Related Topics

wrote...
#2
7 years ago
Incredible!
wrote...
#3
7 years ago
Great! Now we can move on to the next one
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1332 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 140
  
 90
  
 327
Your Opinion
Which 'study break' activity do you find most distracting?
Votes: 741
Previous poll results: Who will win the 2024 president election?