Micro 2.3, 2.4, 2.5 Quiz: PED, PES, Income and Cross Price B - Michael Burbine | Library

1

Other Answer Choices:

1 and 2

5 and 6

2 and 3

4 and 5

3 and 4

6 and 7

1

0

Other Answer Choices:

Relatively Price Elastic

Unitary Elastic

0

1

6

Other Answer Choices:

Change in Qd of Good X

Avg. Price of Good X

Change in Income

Avg. Qd of Good Y

Change in Qs of Good X

Percent Change in Price of Good X

Percent Change in Price of Good Y

Percent Change in Qd of Good X

Change in Qd of Good Y

Percent Change in Qs of Good X

Percent Change in Qd of Good Y

Percent Change in Income

Change in Qs of Good Y

Change in Price of Good Y

Avg. Income

Change in Price of Good X

Percent Change in Qs of Good Y

Avg. Qs of Good X

Avg. Price of Good Y

Avg. Qs of Good Y

Avg. Qd of Good X

4

Other Answer Choices:

$18

$120

Perfectly price elastic

remains unchanged

Perfectly price inelastic

$90

increases

decreases

$72

Unitary price elastic

Relatively price elastic

Relatively price inelastic

$40