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A)Elasticity of demand measures the ratio of percentage change in q...

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True or False

A)Elasticity of demand measures the ratio of percentage change in quantity demanded to percentage change in income.
B)Sales of the common necessities of life tend to increase sharply where there is a drop in their prices.
C)A straight-line demand curve, unless vertical or horizontal, does not have constant elasticity at every point.
D)A perfectly elastic supply curve must be a vertical line.
E) An increase in supply price most when demand is elastic and decrease it least when demand is relatively inelastic.

Answer

false is a b is true c is true d is true e is false

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Virtual Teaching Assistant: Colleen R.
Question Level: Basic
Karma: Free
Upload Date: 5/31/2017

This 85 words question was answered by Colleen R. on StudySoup on 5/31/2017. The question contains content related to Business Since its upload, it has received 144 views.

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