Inelastic demand if the absolute coefficient is less than 1
Elastic demand if the absolute coefficient is greater than 1
Unitary elastic if the absolute coefficient is equal to 1
Faimus answered the question on January 16, 2019 at 19:36
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Differentiate between point and arc elasticity of demand.
(Solved)
Differentiate between point and arc elasticity of demand.
Date posted:
January 16, 2019
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Answers (1)
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What is the usefulness of the concept of elasticity in economics?
(Solved)
What is the usefulness of the concept of elasticity in economics?
Date posted:
January 16, 2019
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Highlight and explain the determinants of elasticity of supply
(Solved)
Highlight and explain the determinants of elasticity of supply
Date posted:
January 16, 2019
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Answers (1)
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Highlight the determinants of price elasticity of demand
(Solved)
Highlight the determinants of price elasticity of demand
Date posted:
January 16, 2019
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Give the consequences of minimum price policy by the government
(Solved)
Give the consequences of minimum price policy by the government
Date posted:
January 16, 2019
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Give any conditions for disequilibrium of demand and supply.
(Solved)
Give any conditions for disequilibrium of demand and supply.
Date posted:
January 16, 2019
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Answers (1)
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What is the equilibrium of supply and demand?
(Solved)
What is the equilibrium of supply and demand?
Date posted:
January 16, 2019
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Answers (1)
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Highlight the characteristics of an oligopolistic market
(Solved)
Highlight the characteristics of an oligopolistic market
Date posted:
January 16, 2019
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Examine the impacts of extra regional integration in Africa
(Solved)
Prospects of extra regional integration in Africa
Date posted:
January 15, 2019
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Answers (1)
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Discuss the concept of factor pricing
(Solved)
Discuss the concept of factor pricing.
Date posted:
December 30, 2018
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Ways through which the government could influence the allocation of resources in a free market economy
(Solved)
Ways through which the government could influence the allocation of resources in a free market economy
Date posted:
December 30, 2018
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Answers (1)
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Distinguish between general and partial equilibrium.
(Solved)
Distinguish between general and partial equilibrium.
Date posted:
December 15, 2018
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Answers (1)
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When is an economy said to have attained Pareto Optimality?
(Solved)
When is an economy said to have attained Pareto Optimality?
Date posted:
December 15, 2018
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Answers (1)
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What is meant by externalities in general equilibrium?
(Solved)
What is meant by externalities in general equilibrium?
Date posted:
December 15, 2018
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Describe the use of Edgeworth box in welfare economy
(Solved)
Describe the use of Edgeworth box in welfare economy.
Date posted:
December 15, 2018
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Answers (1)
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What is marginal rate of substitution?
(Solved)
What is marginal rate of substitution?
Date posted:
December 13, 2018
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What is a monopoly?
(Solved)
What is a monopoly?
Date posted:
December 11, 2018
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Answers (1)
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Outline the contributions of Keynes to income output and employment
(Solved)
Outline the contributions of Keynes to income output and employment.
Date posted:
December 9, 2018
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Discuss the free market economy and state the advantages and disadvantages of the economic system
(Solved)
Discuss the free market economy and state the advantages and disadvantages of the economic system
Date posted:
December 8, 2018
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Answers (1)
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Discuss the traditional economy and state the advantages and disadvantages of the economic system
(Solved)
Discuss the traditional economy and state the advantages and disadvantages of the economic system
Date posted:
December 8, 2018
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Answers (1)