Woodsydal7687 Woodsydal7687
  • 10-01-2020
  • Business
contestada

If the price of a good increases by 5% and the quantity demanded decreases by 5%, then at that price, the good is _____.

Respuesta :

ewomazinoade ewomazinoade
  • 10-01-2020

Answer: unitary price elastic

Explanation:

A good is unitary price elastic if a change in price leads to the same proportional change in quantity demanded.

The coefficient of a good with unitary elasticity is 1 .

Coefficient of elasticity = percentage change in quantity demanded / percentage change in price

= 5% / 5% = 1

I hope my answer helps you

Answer Link

Otras preguntas

The temperature on Wednesday evening was -5°Fahrenheit. The temperature decreased another 8°throughout the night. What was the temperature on Thursday morning?
What are the 3 responsibilities of the judicial branch?
PLS HELP TYY:)) *picture below too!* A child received 10 building blocks for Christmas. Each block is either 1 inch or 3 inches wide. The child places them next
What is the role of diction in writing ?
What effect does a scale factor less than 1 have on the dimensions of the image being scaled?
Why is it important to learn about wolves?
Which values from the specified set make up the solution set of the inequality? 5w–10>20 ; {5,6,7,8} Select each correct answer. Responses 5 5 6 6 7 7 8 8
What is the smallest possible composite, positive, integer x and y such that [tex]\frac{x}{y} =5[/tex]
3\4+2\3\ anwser for more points.
A 5 n force is applied to a 3 kg ball to slow it down from 9 m/s to 3 m/s. What is the impulse on the ball?.