If price elasticity of demand is greater than 1, a reduction in the selling price will result in an increase inthe sales demand, so that total sales revenue increases.However, we do not know what will happen to total costs. Total costs will inevitably rise because moreunits of product will...
If price elasticity of demand is greater than 1, a reduction in the selling price will result in an increase inthe sales demand, so that total sales revenue increases.However, we do not know what will happen to total costs. Total costs will inevitably rise because moreunits of product will...
结果1 题目 If the price elasticity of demand for a good is greater than one, then the demand for that good is: A. perfectly elastic. B. unit elastic. C. elastic. D. inelastic. 相关知识点: 试题来源: 解析 elastic. 反馈 收藏 ...
百度试题 题目Demand is elastic if the price elasticity of demand is 相关知识点: 试题来源: 解析 greater than 1.反馈 收藏
If price elasticity is greater than 1, the good is elastic; if less than 1, it is inelastic. 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. ...
2. Different values of PED -Elastic (demand)where the price elasticity of demand is greater than 1. Theresponsivenessof demand is proportionally greater than the change in price. -Inelastic (demand)where the priceelasticityof demand is less than 1. The responsiveness of demand is proportionally ...
If demand is elastic, price elasticity of demand is greater than 1 and a one percentage increase in price will result in more than one percentage change in quantity demanded. If demand is inelastic, price elasticity of demand is lower than 1 and a one percentage increase in price will result...
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...
A product with price elastic demand has price elasticity of greater than 1. A. 正确 B. 错误 如何将EXCEL生成题库手机刷题 > 下载刷刷题APP,拍照搜索答疑 > 手机使用 分享 反馈 收藏 举报 参考答案: A 复制 纠错 举一反三 下列关于认罪认罚从宽制度的表述,正确的是? A. 甲在审查起诉阶段自愿...
Elasticity of Demand by Price Price elasticity of demand is an indicator of the impact of a price change, up or down, on a product's sales. If the price elasticity of demand is greater than 1, it is deemedelastic. That is, demand for the product is sensitive to an inc...