Ready to test your Knowledge?
Try out our new practice tests completely free!
exam preparation banner icon

Assume That the Coefficient of Elasticity of Product Demand Is

Question 251
Multiple Choice
arrowQuestion 251arrow
Multiple Choice

Assume that the coefficient of elasticity of product demand is 0.5 in industry A and is 3.2 in industry B. Other things equal, labor demand will be

A)more elastic in industry A than in B.
B)relatively elastic in both industries A and B.
C)more elastic in industry B than in A.
D)relatively inelastic in both industries A and B.

Choose question tag
close menu

10+ million students use Quizplus to study and prepare for their homework, quizzes and exams through 20m+ questions in 300k quizzes.


Explore our library and get Economics Homework Help with various study sets and a huge amount of quizzes and questions

Get Free Access Now!
Textbook Solutions
Textbook Solutions

Find all the solutions to your textbooks, reveal answers you would’t find elsewhere

Find Solutions
Search By Image
Search By Image

Scan any paper and upload it to find exam solutions and many more


Studying is made a lot easier and more fun with our online flashcards

Find Flashcards