pratz1316 pratz1316
  • 19-03-2018
  • Business
contestada

Suppose the value of the price elasticity of demand is minus−3. what does this​ mean?

Respuesta :

daverusin daverusin
  • 21-03-2018
Then demand is low based upon the price.  This may mean the price offered is to high or here is an oversupply of goods.   
Answer Link

Otras preguntas

Find the value of x, y, and z in the rhombus below (-x-8)⁰ 107⁰ (3y-1)⁰ (-4z-7)
What effects does deforestation have on the Amazon? Check all that apply. A. Has some negative impacts but overall is helpful B. Negatively impacts biodiversity
if a minority interest shareholder in a closely held business sells the entire interest, the valuation professional is typically likely to:
Can someone help me please
Can you help me on this page pls I’m so confused
Peter, a cashier at a local grocery store, was berated at work by his manager. He comes home from work and promptly yells at his wife and kicks the cat. This is
In three to five sentences, summarize how individuals have used their religion to contribute to American society.
Who invented the Model T car?
She always took it upon herself to challenge anyone who disagreed with her. Whatcha word is an indefinite pronoun?
Read the summary below. Choose the answer that BEST fits into the blank to complete the summary. The original Olympic Games of ancient Greece had fewer events t