Rae Ronald
Sunday, November 6, 2011
13. Price elasticity of demand on a single demand curve A. is less than negative one if the percentage increas?
The answer is A. Elasticity=%change in quantity/%change in price. When %change in price>%change in quantity, the elasticity is <1, and negative.
No comments:
Post a Comment
Newer Post
Older Post
Home
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment