Urbaeloves3790 Urbaeloves3790
  • 18-09-2019
  • Business
contestada

The price elasticity of demand will be __________ if demand is elastic.a. Equal to oneb. Less than onec. More than one

Respuesta :

alecejas
alecejas alecejas
  • 19-09-2019

Answer:

The price elasticity of demand will be more than one if demand is elastic.

Explanation:

The price elasticity of demand is measured by the percentage change in the quantity demanded, divided by the percentage change in the price, so when the percentage change in the quantity demanded is bigger than the percentage change in the price, the elasticity is more than one.

Answer Link

Otras preguntas

How many minutes are from 7:41 to 8:22? Plz help is for today!
A sentence using the word misfortune
A class survey showed 8 out of 25 students had plans to travel over spring break.how many student out of the 400 students in the entire school would you expect
Why is it extremely dangerous to eat the “destroying angel” mushroom?
how does adaptation affect the survival of a species?why?
What strategy would you use to solve these facts involving 3 and 7?8 x 3      7 x 4
A withdrawal of $50 is negative or positive?
Which division of time during Earth’s history came first? a. The Paleozoic Era b. The Cenozoic Era c. The Late Precambrian d. The Mesozoic Era
How many minutes are from 7:41 to 8:22? Plz help is for today!
Is H2O a polar or non polar compound?