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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.

Elasticity - Price of demand.

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.

Elastic Demand

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

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3 years ago

if you apply a Force of F1 to area A1 on one side of a hydraulic jack, and the second side of the jack has an area that is twice

Firlakuza [10]

Answer:

$2F_{1}$

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4 years ago

How does kinetic energy affect the stopping distance of a small vehicle compared to a large vehicle?

Vilka [71]

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3 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?