mini q ch 6 - Grades Worksheets Assignments Practice Tests...

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User : Alaa Alakeely In Course : PRIN ECONOMICS II ( ECN 222W SU810 09 SP) Instructor : Edward T Derbin Your score on this exam is 8 out of 15 . Instructions : Open note, open book online assessment covering the material in the current unit. Answer Key Question 1 (Worth 1 points) If quantity demanded changes by a percentage that is larger than the percentage change in price, then demand is inelastic. True False This is a correct answer Points earned on this question : 0 Question 2 (Worth 1 points) Price elasticity of demand measures the sensitivity or responsiveness of quantity demanded to price changes.
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True This is a correct answer False Points earned on this question : 1 Question 3 (Worth 1 points) If a firm raised its price and found that total revenue fell to zero, then the demand for its product is perfectly elastic. True This is a correct answer False Points earned on this question : 0 Question 4 (Worth 1 points) A negative cross price elasticity value indicates that the two goods under
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mini q ch 6 - Grades Worksheets Assignments Practice Tests...

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