What is the elasticity of demand when x=4? Is demand elastic or inelastic? ( ) A. η =- (10)9, elastic B. η =- (10)9, inelastic C. η =- 83, inelastic D. η =- 83, elastic E. η =- (12)5, elastic 相关知识点: ...
1 What is the price elasticity of demand (PED) for a product for which a 10% price rise reduces sales volume by 5%? A -2.0B -0.5C +0.5D +2.0 2 What is the price elasticity of demand for rice based on the information below? Change in priceChange in demand -8% -2% A -4.0B -...
Therefore, the elasticity of demand is the percentage change in the quantity demanded as a result of a percentage change in the price of a product. Because the demand for certain products is more responsive to price changes, demand can be elastic or inelastic. When the demand for a product ...
The determination of the price depends on demand for and supply of the commodity. But however, the demand is governed by the demand elasticity and the supply too is governed by the elasticity of supply. Therefore, the price of a commodity depends on both the demand and supply elasticity. The...
百度试题 题目 Refer to the figure below. What is the price elasticity of demand when the price of rice is $6 per pound? A.0.67B.2C.3D.0.5 相关知识点: 试题来源: 解析 B 反馈 收藏
Elasticity of demand: Elasticity of demand refers to the ratio of percentage change in the quantity demanded to the percentage change in the price for a product. The elasticity of demand is always negative and it is downward sloping. Answer and Explanation: ...
Elasticityis the measure of the demand curve and it’s response to price. The more influenced by price, the more elastic, meaning the price willing to be paid will not deviate very much from the average. A small increase in price may cause quantity demanded to decrease by a large amount ...
Using the point method, what is the price elasticity of demand of product X as price falls from its current price of $20 to $15? Old New Price 20 15 Quantity 10 15 A. 1B. 2C. 1.5D. 0.5 正确答案:B 分享到: 答案解析: The correct answer is: 2 Percentage change in quantity = ...
Price Elasticity of Demand: Price elasticity of demand is a change in demand for goods and services alongside the change in price. When the price of goods goes high, demand tends to decrease. Key Vocabulary and Terms: Commodity: A generic good or service which is perfectly compet...
For demand curve D1, what is the price elasticity of demand when P = 12? 答案: A.12B.4C.3D.6正确答案:3 点击查看答案 你可能感兴趣的试题 单项选择题 把微生物作为一个整体来考察,他们能利用的氮源范围即氮源谱,以下不属于氮源谱的是( )。 A.牛肉膏 B.KNO3 C.空气 D.葡萄糖 点击查看答案&...