If the price elasticity of demand for opera tickets in Chicago is 1.00, then the demand for opera tickets in Chicago is
举一反三
- The long run income elasticity of demand for movie theater tickets is 3.42. That means that the proportional change in price will exceed the proportional change in quantity.
- For a horizontal demand curve, A: the slope is undefined, and the price elasticity of demand is equal to 0. B: the slope is equal to 0, and the price elasticity of demand is undefined. C: both the slope and price elasticity of demand are undefined. D: both the slope and price elasticity of demand are equal to 0.
- When demand is inelastic the price elasticity of demand is
- 中国大学MOOC: Price elasticity of demand along a linear, downward-sloping demand curve increases as price falls.
- Price elasticity of demand along a linear, downward-sloping demand curve increases as price falls. A: 正确 B: 错误