The demand for a good is elastic if the price elasticity of demand is: 答案: A.less than one.B.equal to zero.C.equal to one.D.greater than one.正确答案:greater than one. 点击查看答案 单项选择题 下列物质中,有顺反异构体的是( ) A、1—丁烯 B、2—甲基—2—丁烯 C、3—乙基—2—戊...
in price. It is calculated by dividing the percentage change in quantity demanded by the percentage change in price. If the price elasticity of demand is (a) higher than 1, demand is considered elastic, (b) equal to 1, demand is unit-elastic and (c) lower than 1, demand is inelastic...
Assignment 2 Price Elasticity Of Demand Price Elasticity of Demand is the quantitative measure of consumer behavior whereby there is indication of response...
If the price elasticity is >1 it is elastic, equal to 1 means unit elastic (1 unit change in price means 1 unit change in demand), and <1 means demand is inelastic. Shaun Conrad, CPA Accounting & CPA Exam Expert Shaun Conrad is a Certified Public Accountant and CPA exam expert with ...
A good is considered to be “unit elastic” when itsPED is equal to 1. For example, if the quantity demanded of a good falls from 1,000 to 900 when a price increases from $90 to $100, the good’s PED would be: The PED of the good is1,which is considered to be unit elastic....
6.1LEARNINGOBJECTIVEDefinepriceelasticityofdemandandunderstandhowtomeasureit.©2013PearsonEducation,Inc.PublishingasPrenticeHall 5of38 Priceelasticityofdemand(需求價格彈性)Theresponsivenessofthequantitydemandedtoachangeinprice,measuredbydividingthepercentagechangeinthequantitydemandedofaproductbythepercentagechangeinthe...
The demand for a good is inelastic with respect to price if the price elasticity of demand is:A.equal to one.B.less than one.C.equal to negative one.D.greater than one.的答案是什么.用刷刷题APP,拍照搜索答疑.刷刷题(shuashuati.com)是专业的大学职业搜题找答案
When the % change in demand and price are equal, that is value is 1, it is calledunitary priceelastic demand. When the quantity demanded changes without any changes in price itself, it is said to have anperfect priceelastic demand.The values of PED isinfinite. ...
If a good’s price elasticity is 0, there is no amount of price change that produces a change in demand, and it is perfectly inelastic. If a price change leads to an equal percentage change in demand, the price elasticity is exactly 1, known as unitary elasticity. ...
7.The price elasticity of demand for a firm’s product is equal to one for all price changes. What would be the result of this? A A percentage increase in price will cause demand to fall by a larger percentage. B A percentage increase in price will cause demand to increase by the sam...