TaliaS3068 TaliaS3068

19-09-2018
Business

contestada

When there is a decrease in the price of a goodthe demand curve will shift to the right.The elasticity of demand will determine the degree to which quantity demanded falls.The elasticity of demand will determine the degree to which quantity demanded rises.The demand curve will shift to the left?

Respuesta :

pristina pristina

29-09-2018

Answer: The elasticity of demand will determine the degree to which quantity demanded rises.

Explanation:

Acc. to the law of demand, demand for a normal good is negatively related to its price. When price of the good falls, quantity demanded rises.

Price elasticity of demand shows us the magnitude of change in quantity demanded to a change in the price of the good.

So, when price falls, elasticity will show us by the degree to which quantity demanded rises.

Answer Link

Otras preguntas

Who most likely were the first to deliberately plant seeds? women men gatherers hunters

Lesley, a sociology major, believes that money is the key to happiness. Her friend Stephen, a psychology major, believes that good health is the key to happines

State lottery officials send residents a facsimile of a contest-winning check for over $5 million to encourage them to imagine themselves as possible winners. T

Products produced by a machine has a 3% defective rate. (a) What is the probability that the first defective occurs in the fifth item inspected? (b) What is the

Convert to a equation: As x increases by 1, y decreases by 3.

What are the two parts of the peripheral nervous system? A. the brain and spinal cord B. the somatic and autonomic nervous systems C. the cerebrospinal flui

falling objects drop with an average acceleration of 9.8m/sec/sec. if an object falls from a tall building how long will it take before it reaches a speed of 4

Arace car accelerates uniformly at 11.3 m/s2. If the race car starts from rest how fast will it be going after 6.7 seconds.

A firm may narrow its focus to a specific region of the world: a. so that it can better understand the cultures, legal and social norms, and other factors that

Which of these best identifies the shift of mood in this sentence? We grew up without a male figure, and cannot you imagine what that is like? A. from indicat

ACCESS MORE