93. In the case of a straight line demand curve meeting brand new a couple of axes, the purchase price-suppleness off request on mid-point of the range is: (a) 0 (b) step 1 (c) step one.5 (d) dos Answer: (b) step 1
(a) Elasticity at point A = ?, at B = > 1, at C = 1, at D = < 1 and E = 0 (b) Elasticity at A = 0, at B = < 1, at C = 1, at D = > 1 and E = ? (c) Elasticity at A = 0, at B > 1, at C = 1, at D = < 1 and at E = 0 (d) None of these Answer: (a) Elasticity at point A = ?, at B = > 1, at C = 1, at D = < 1 and E = 0
96. The price elasticity of demand at the midpoint of the straight line demand curve under point method is ________. (a) 0 (b) 1 (c) > 1 (d) < 1 Answer: (b) 1
97. Area elasticity is wonderful for hence of after the circumstances? (a) Brand new bookstore is offered doubling the cost of laptop computers. (b) A restaurant try provided lowering the cost of their most high-priced meals by the 50 %. (c) A car producer has an interest inside choosing the response off customers into price of automobiles getting decreased of the ? one hundred. (d) None of a lot more than. Answer: (c) A motor vehicle music producer is interested in deciding the fresh new reaction out of consumers toward price of cars becoming decreased from the ? Elizabeth backpage female escort a hundred. Continue reading