Question

From the list on your right select the letter that contains the word, phrase, name, etc. that best matches the word, phrase, name, etc. listed on the left:

that best matches the ose name etc. change in quantity demander Ihange in income Total Profit C! Demand for the good is more price inelastic than supply A 2% price increase leads to a 2% dedine in D. Total Revenue Jantity demanded of Good E Demand for the good is un ood is an F. Negative cross-price elasticity of demand Supply is highly elastic with price elasticity of supply The price of a good increased by 10% which equal to 2 increased quantity supplied by 5% H. Price elasticity of demand for the good is equal to 90% of the tax the government imposed on Good MXwas successfully passed on to consumers by the the I. Demand for the good is price-elastic : Supply is price inelastic with price elasticity of supply equal to 0.5 A company can increase its revenue by decreasing the price of its product Price elasticity of supply for the good is equal to 0 HI Horizontal supply curve Example of a normal good which is a necessity M. Positive cross-price elasticity of demand ! H Quantity sold x unit price OTEL Income elasticity of 0.12 % change in quantity demanded 5% change in price O Supply of the good is infinitely or perfectiv elastit Ics Scanned with CamScanner

Answer 1

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