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...
Price elastic demand and inelastic demand 弹性需求和非弹性需求 Price Elastic Demand 弹性需求 Definition:Demand is price elastic if a change in price leads to a bigger % change in demand; therefore the PED will, therefore, be greater than 1. Goods which are elastic, tend to have some or all...
正确答案:greater than one. 点击查看答案 你可能感兴趣的试题 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—戊烯 D、4—甲基—3—庚烯 点击查看答案 If the price elasticity of demand for cigarettes is 0.55, and the price of cigarettes increases ...
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.
If price elasticity of demand is greater than 1, a reduction in the selling price will result in an increase in the 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 more units of product...
-Elastic (demand)where the price elasticity of demand is greater than 1. The responsiveness of demand is proportionally greater than the change in price. -Inelastic (demand)where the price elasticity of demand is less than 1. The responsiveness of demand is proportionally ...
Below you can find the statement with the correct answer. If the price elasticity of demand is greater than one, the good's demand is said to be elas... See full answer below.Become a member and unlock all Study Answers Start today. Try it now Create an accou...
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. ...
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. ...
百度试题 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.