cccx1767 cccx1767

11-11-2019
Business

contestada

As the price of good X decreasesfrom $10to $8, quantity demanded increasesfrom 10to 13.Based upon this information we canconclude that the demand for X is

A. inelastic.
B. elastic.
C. insufficient information for judgment.
D. unit elastic.

Respuesta :

oreoluwa2001ng oreoluwa2001ng

12-11-2019

Answer: B- Elastic

Explanation: The elasticity of demand can be perfectly elastic or relatively elastic.

The above information given is a relatively elastic demand because the change in price gives rise to a proportionate change (increase) in demand for the product.

Answer Link

Otras preguntas

3) Which letter has a perpendicular line segment? A. Y B. L C. R D. U

Which of the following diagrams represents a compound? Each color represents a different element. Circles that are directly touching represent elements that are

Which of the following is the most profitable investment for a candy shop that earns $1 revenue per pound of candy? (5 points) Group of answer choices Worker at

Which areas were most permanently impacted by expansion of Islam? A. The southwest African coast B. Western Europe C. Northern Europe D. North Africa and southw

. List five descriptive details or words that the writer uses to create a particular mood in the excerpt from The Grapes of Wrath.

Bass players will create their part around the rhythmic pattern played on the ________, stressing those notes rhythmically while filling in the other notes to p

What can an author do to promote a reader's suspension of disbelief?

Higher-pitched sounds have shorter wavelengths. True or false

Jeanine often bites her nails whenever she is nervous, prompting looks from strangers and her co-workers. According to Freud, Jeanine is most likely stuck in th

Which of the following is NOT true about using counterclaims? A. You need to make your counterclaims look as weak and nonsensical as possible. B. It will show t