Price elasticities for market demand curves

Of the given price elasticities [ed] for market demand curves, there the one which is absolutely implausible by the vantage of standard economic theory would be one for that, across all conceivable ranges of prices: (1) ed= 0 and the demand curve is vertical. (2) 0ed>1 as well as the demand curve is relatively flat. (5) ed=∞ as well as the demand curve is horizontal.

How can I solve my economics problem? Please suggest me the correct answer.

View Complete Question

Related Questions in Microeconomics

Q : Occurrence of disagreements between

Disagreements between economists occur most commonly within the area of: (1) microeconomic theory. (2) normative aspects of economic policy. (3) positive statements. (4) "common sense." (5) mathematical economics. I need your point

Q : Generates price-quantity consistent for

All prospective demanders [buyers] would be within equilibrium when this market for teleporter buttons created a price and a quantity consistent along with: (1) eliminating the shortage Q1-Q3 existing at P3<

Q : When would transaction cost be zero All

All transaction costs would be zero when: (1) Congress required current prices to be cut by eighteen percent. (2) market information and transportation were both costless. (3) market prices were legally restricted to production costs. (4) inflation we

Q : Nondiscriminating monopolists in short

Within short run equilibrium, there nondiscriminating monopolists will: (w) charge prices greater than their marginal costs. (x) produce outputs which maximize social welfare. (y) produce where their total revenues are maximized. (z)

Q : Maturity on a consol bond or perpetuity

The yield to maturity on a consol bond or perpetuity which pays $200 annually and sells for $1000 is: (w) 5 percent. (x) 10 percent. (y) 20 percent. (z) 25 percent. I need a good answer on the topic of Econ

Q : Industrial Unions-organizing workers

Can someone help me in finding out the right answer from the given options. Industrial unions are proposed to organize all the workers in: (i) A specific company. (ii) The United States. (iii) Particular skill or the craft. (iv) Particular occupation. (v) Specific ind

Q : Tax cutting affect the economy How does

How does tax cuts affect the economy?

Q : Hire labor at any amount in purely

When this purely competitive firm can hire any amount of labor at pre hour wage of $9 per worker, in this given figure, as it will hire: (1) L2 workers. (2) L3 workers. (3) L4 workers. (4) L5 workers. (5) L<

Q : Profit-maximizing monopolists I have a

I have a problem in economics on Profit-maximizing monopolists. Please help me in the following question. Profit-maximizing monopolists exploit the labor since: (i) Workers are paid very less than the value of their average physical products. (ii) The

Q : Find supply when slope of supply curve

When the slope of a supply curve which goes through the basis equals one, supply is: (w) price elastic. (x) price inelastic. (y) unitarily price elastic. (z) indeterminate like to elasticity without more information.

Discover Q & A

Leading Solution Library

Avail More Than 1422102 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1956317
Asked

3,689

Active Tutors

1422102

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment