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 ...
2. Different values of PED -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 priceelasticityof demand is less than 1. The responsiveness of demand is proportionally...
2. Different values of PED - 📖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 i...
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...
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 of the followingcharacteristics. ...
Suppose that a good has a price elasticity equal to 0 (Ed=0). What does this mean? Draw a demand curve to illustrate. What does it mean if good has a price elasticity equal to 1? Define price elasticity of demand. How is it calculated?
If Price Elasticity of Demand = 1, then demand is unit elastic. This means that the increase in price would result in the same decrease percentage in demand. If Price Elasticity of Demand is greater than 1, then demand is elastic and it is more than proportionately affected by a change in...
问答题 If the price elasticity of demand for a good is greater than one, then the demand for that good is: 答案:A.perfectly elastic. B.unit elastic. C.elastic. ... 你可能感兴趣的试题 单项选择题 ( )波形廊,连接建筑物的同时,还巧妙地的与环境结合,中间一段三面凌空,突出水池之中,漂浮于水...
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...
Price elasticity of demand is a ratio that shows how much demand for a product changes when the price of that product changes. A ratio of greater than one indicates an elastic product; a ratio of less than one indicates an inelastic product. Economists and marketers use price elasticity of d...