question archive Select the best matches from the lists below
Select the best matches from the lists below
Subject:EconomicsPrice:3.87 Bought7
Select the best matches from the lists below.
E > 1 1. price elasticity of demand (% change in Qd)/(% change in P) 2. price elasticity of supply
E = 1 3. relatively price elastic
(% change in Qs)/(% change in P) 4. relatively price inelastic
(change in P)/(change in Qd) 5. unitary price elastic
E < 1 6. slope of a linear demand curve
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Answer-Best matches from the list below-
1.Price elasticity of demand-------(% change in Qd)/(% change in price)
2.Price elasticity of supply -------(%change in Qs)/(% change in P)
3.Relatively price elastic ------- E>1
4.Relatively price inelastic ----- E<1
5.Unitary elastic demand ---- E=1
6.Slope of a linear curve ------ (change in price )/(change in quantity demanded)
