4.1 Reading Review 2090 - 4.1 Reading Review AVSC 2090...

This preview shows page 1 - 2 out of 2 pages.

The preview shows page 2 - 2 out of 2 pages.
4.1 Reading Review – AVSC 2090Question 11 ptsWhat is the percentage change in the dependent variable resulting from a 1percent change in the independent variable?DemandElasticityEquilibriumSupply
Question 21 ptsWhich of the following measures the elasticity over a range of values?
Get answer to your question and much more
Question 31 ptsAn increase in price will increase total revenue for goods with inelasticdemand.
Get answer to your question and much more
Question 41 ptsWhat type of goods have an income elasticity greater than 1?
Get answer to your question and much more
Question 51 ptsWhich of the following measures the impact of a related firm's price ondemand?Arc elasticityCross-price elasticityIncome elasticityPoint elasticityPrice elasticity
Question 61 ptsIf the demand curve for a product is almost horizontal, the product is what?
End of preview. Want to read all 2 pages?

Upload your study docs or become a

Course Hero member to access this document

Term
Summer
Professor
N/A
Tags
UVU, Pogue, AVSC 2090, AVSC2090, Air Transport Econ, Avsc 2090 4 1, Reading Review 4 1

Other Related Materials

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture