All categories

3 years ago

Which of the following statements about price elasticity of demand is true?

Physics

1 answer:

STatiana [176]3 years ago

7 0

Answer:

B. The elastic portion of a straight-line, downward-sloping demand curve corresponds to the segment above the midpoint.

Explanation:

Elasticity measures the sensitivity of one variable to another. Specifically it is a figure that indicates the percentage variation that a variable will experience in response to a variation of another one percent.

The elasticity of demand measures the reaction of demand when one of the factors that affects it varies.

<u>Elasticity - Price of demand.</u>

easure the sensitivity of the quantity demanded to price variations. It indicates the percentage variation that the quantity demanded of a good will experience if its price rises by 1 percent.

<u> Elastic Demand </u>

The demand quantity is relatively sensitive to price variations, so the total expenditure on the product decreases when the price rises, the price elasticity takes value greater than -∞ but less than -1

You might be interested in

The main offenders in terms of greenhouse gas emissions are?

Mandarinka [93]

The main offenders in terms of greenhouse gas emissions are Asia and Oceania.

<h3>Explanation</h3>

Greenhouse gases cause the greenhouse effect. The primary greenhouse gases in Earth's atmosphere are water vapor, carbon dioxide, methane, nitrous oxide and ozone.

Asia is Earth's largest and most populous continent, located primarily in the Eastern and Northern Hemispheres. Whereas Oceania is a geographic region that includes Australasia, Melanesia, Micronesia and Polynesia.

Asia includes: Bangladesh, China, India, Indonesia, Iraq, Mongolia, Philippines, Sri Lanka and Vietnam. Asia has three main financial centers: Hong Kong, Tokyo and Singapore.

Oceania countries are: Australia, Fiji, Kiribati, Marshall Islands, Micronesia, Nauru, New Zealand, Palau, Papua New Guinea, Samoa, Solomon Islands, Tonga, Tuvalu and Vanuatu

Currently, most of factories that exist in the world are established within Asian and Oceanian region because they have good supply of cheap labours. For example, China was initially one of the lowest labour cost countries known. They produce the largest amount of pollutant which contain CO2 that contributed greatly to the greenhouse effects.

Hope it helps

<h3>Learn more</h3>

Learn more about greenhouse brainly.com/question/10172806
Learn more about greenhouse gas emissions brainly.com/question/9105757
Learn more about Oceania brainly.com/question/2236868

<h3>Answer details</h3>

Grade: 9

Subject: physics

Chapter: greenhouse

Keywords: greenhouse gas emissions, greenhouse, offenders, Asia, Oceania

7 0

3 years ago

Read 2 more answers

Which organism in the food chain is sometimes first level consumer and sometimes 2nd level

makkiz [27]

I believe the answer is Mouse/Herbivore. It was a question in my old lab haha.

Hope this helped!!
~xox Melis

7 0

2 years ago

A sound having a frequency of 395 Hz travels through air at 331 m/s. What is the wavelength of the sound? Answer in units of m.

jenyasd209 [6]

Here this should help you out brother I just want to get more

8 0

3 years ago

The change in position is known as

Goryan [66]

Answer:

distance or displacement

Explanation:

the answer can be displacement or displacement. if the required measure is between two points, we can call it as distance. but if we are to find the distance moved, we call it displacement. though it sounds pretty similar, they are very different. displacement is the shortest distance of movement of a body to its final point (or to the asked point) and distance is the total distance travelled by the body. and while distance is a scalar quantity, that this value shows the magnitude, displacement is a vector quantity, that this value should show both magnitude and direction.

for example if an object travels from point A to point B that is a 10 meters away and back, the distance will be 10+10 which is 20 meters. but the displacement is 0!

since not much information is given, the answer can be both distance or displacement

4 0

3 years ago

Most houses in the countries that experience winter have air heaters installed.These heaters are usually installed near the floo

Tatiana [17]

Answer: because the air currents move upwards so the hot air fills up the whole room. Similarly if the air conditioner is placed neer the ceiling because it gives cool air

6 0

2 years ago

Which of the following statements about price elasticity of demand is​ true?

Which of the following statements about price elasticity of demand is true?