The price elasticity of demand measures which of the following? A) how responsive the quantity demanded is to changes in price B) the percentage-slope of the demand curve C) the rate at which demand changes when price changes D) the slope of the demand curve
The price elasticity of demand measures which of the following? A) how responsive the quantity demanded is to changes in price B) the percentage-slope of the demand curve C) the rate at which demand changes when price changes D) the slope of the demand curve
Microeconomics A Contemporary Intro
10th Edition
ISBN:9781285635101
Author:MCEACHERN
Publisher:MCEACHERN
Chapter5: Elasticity Of Demand And Supply
Section: Chapter Questions
Problem 3QFR
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Enterprise is carried out by entrepreneur and therefore enterprise would be occupationally mobile if entrepreneur contributes his skills from one industry to other. For example entrepreneur from textile industry may contribute his skills in automobile industry. Enterprise would be occupationally immobile if entrepreneur stays in the same industry. Enterprise would be geographically mobile if entrepreneur moves from one country to other and would be geographically immobile if stays in the same country.
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