Question and answer
Price elasticity of demand measures the responsiveness of the change in: A. quantity demanded to a change in price. B. price to a change in quantity demanded. C. slope of the demand
curve to a change in price. D. slope of the demand curve to a change in quantity demanded
Price elasticity of demand measures the responsiveness of the change in: A. quantity demanded to a change in price. Click the link for more details:
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Original conversation
User: Which of the following will lead to a decrease in total revenue? A. price goes up and demand is perfectly inelastic B. price goes up and demand is price inelastic C. price declines and demand is price elastic D. price increases and demand is price elastic

User: If total revenue goes up when price falls, the price elasticity of demand is said to be: A. price inelastic. B. unit price elastic. C. price elastic. D. positive.

User: Price elasticity of demand measures the responsiveness of the change in: A. quantity demanded to a change in price. B. price to a change in quantity demanded. C. slope of the demand curve to a change in price. D. slope of the demand curve to a change in quantity demanded





Weegy: Price elasticity of demand measures the responsiveness of the change in: A. quantity demanded to a change in price. Click the link for more details:
Expert answered|cecil|Points 10|

User: The price elasticity of demand is: A. always positive. B. always greater than 1. C. usually equal to 1. D. always negative

Weegy: The price elasticity of demand is: C. usually equal to. Click the link for more details:
Expert answered|cecil|Points 10|

User: If the total revenue received by a firm does not change when it raises its price, this indicates that the demand for the firm's product is: A. unstable. B. price inelastic. C. price elastic. D. unit price elastic

Weegy: If the total revenue received by a firm does not change when it raises its price, this indicates that the demand for the firm's product is: B. price inelastic. [ Click the link for more details: ]
Expert answered|cecil|Points 10|

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Asked 7/18/2013 9:31:15 PM
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Questions asked by the same visitor
The ratio of the percentage change in a dependent variable to the percentage change in an independent variable, all other things unchanged, is: A. total revenue. B. production possibilities. C. elasticity. D. slope.
Question
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Updated 11/30/2013 7:25:17 PM
1 Answer/Comment
The ratio of the percentage change in a dependent variable to the percentage change in an independent variable, all other things unchanged, is Elasticity.
Added 11/30/2013 7:25:17 PM
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