Questions LLC
Login
or
Sign Up
Ask a New Question
Economics
Demand and Pricing
Price Elasticity of Demand
When a product or service is price what, its demand will increase if it goes on sale and decrease when the price rises? (1 point) Responses variable variable stagnant stagnant inelastic inelastic elastic elastic
1 answer
elastic
You can
ask a new question
or
answer this question
.
Related Questions
1. What event would most likely cause an increase in sales
A. Decrease in price B. Increase in supply C. Decrease in product
What is stated by the law of supply?
A. An increase in price will cause a reduced amount of sales. B. An increase in quantity
What event would most likely cause an increase in sales?
(1 point) Responses decrease in price increase in price decrease in
Which of the following satisfy the law of demand? (1 point)
A decrease in price is followed by a decrease in demand. An increase
A Company has introduced a new product whose annual demand will depend on price charged. The demand of the product is
What event would most likely cause an increase in sales?
A. Decreases in price B. Increase in price C. Decrease in product
Suppose that a market for a product is in equilibrium at a price of $5 per unit. At any price above $5 per unit.
A. There will be
When a product or service is price what, its demand will increase if it goes on sale and decrease when the price rises?
A.
What is stated by the law supply?
1. And price will cause a reduced amount of sales 2. An increase in quality sold with allow a
When a product or service is price what, its demand will increase if it goes on sale and decrease when the price rises?
(1 point)
