Microeconomics Group Quiz--Chapter 4: 1st Quiz Given
D
if a product has a few substituents, which of the following statements is correct
B
refers to the information above to answer this question. what is the elasticity of demand in $14- $16 range
E
suppose that the price of the product increased from $1.90 to $2.10 and the quality demanded decreases from 24 to 16. what is the value of the price elasticity of demand
B
under which of the following situations will total revenue fall
C
what do products such a movies, tomatoes and resturants meals have in common
B
what does the elasticity co efficiently refers to
D
what does the term elastic demand mean
B
what has happened to a price if a price elasticity of demand is 2 and quality demanded increases by 10%
B
what is price elasticity of demands
B
what is the effect on total revenue if demand is inelastic and price rises
D
what is the formula used to calculate the price of elasicity of demand
B
what is the term for the total amount of income a firm receive from its sale
