#1
What does the price elasticity of demand measure?
2 answered
#2
What type of goods have a price elasticity of demand greater than 1?
2 answered
#3
When the percentage change in quantity supplied is less than the percentage change in price, what type of supply exists?
2 answered
#4
What does the income elasticity of demand measure?
2 answered
#5
In which scenario would the cross-price elasticity of demand be positive?
2 answered
#6
Which of the following factors does NOT affect the price elasticity of demand?
2 answered
#7
What does a perfectly elastic supply curve look like?
2 answered
#8
What is the formula for calculating cross-price elasticity of demand?
2 answered
#9
Which of the following statements about perfectly inelastic demand is true?
2 answered
#10
What happens to total revenue when demand is elastic and price increases?
2 answered