--%>
Assignment Help - homework help

Price elasticity of demand coefficient

Select the right ans wer of the question. The price elasticity of demand coefficient measures: 1) buyer responsiveness to price changes. 2) the extent to which a demand curve shifts as incomes change. 3) the slope of the demand curve. 4) how far business executives can stretch their fixed costs

   Related Questions in Microeconomics

  • Q : Increases in market demand and resource

    If increases in market demand cause resource prices to raise, that resulting in higher average as well as marginal costs, an industry is: (i) experiencing diseconomies of scale. (ii) unprofitable in the long run. (iii) probably a natu

    		•
  • Q : Effect of purchasing goods to

    Most of the people can’t modify relative market prices however have a little control over the relative subjective prices of the goods they consume. They are most probable to make market prices and subjective prices compatible when they: (i) Raise purchases of go

    		•
  • Q : Merits of regional integration

    Elucidate the merits of regional integration?

    		•
  • Q : Critics of current welfare programs

    Critics of current welfare programs who desire the welfare system scaled down tend to argue which welfare reform should give: (1) whatever this takes to lift all people out of poverty. (2) poor people with incentives to work. (3) nothing; there should

    		•
  • Q : Time Estimates for Individual

    Time Estimates for Individual Activities: A) Weighted Average Activity Time, t =  (a + 4m + b)/6B) Standard deviation of activity times, σt = (b-a)/6C) Standard d

    		•
  • Q : Normative goals of microeconomics

    Normative goals of microeconomics comprise: (w) economic growth. (x) price-level stability. (y) high employment. (z) equity within the distribution of income. Please friends choose one choice from the above. I want your suggestion

    		•
  • Q : Predatory behaviour in increase price

    Predatory behavior would not comprise: (w) lowering prices. (x) expanding output. (y) rapid technological innovation. (z) raising prices. Can anybody suggest me the proper explanation for given problem regarding

  • Q : Income elasticity of demand Income

    Income elasticity of demand: Income elasticity of demand is the degree of receptiveness of demand to the modification in income.

    Q : Marginal revenue when market price

    When the market price of a good is $50 and a purely competitive firm raises its output from 20 units, marginal revenue of it is: (w) $50. (x) $1000. (y) $2.50. (z) $0.40. I need a good answer on th

    		•
  • Q : Goods in positive price cross

    When two goods contain positive price cross elasticities of demand, then the two goods are: (1) inferior goods. (2) superior substitutes. (3) complementary goods: (4) gross substitute. (5) normal goods. I need a go

    		•