Question

Question 5 1 pts The difference between slope and elasticity is that none of the above; there is no difference between slope and elasticity. slope is a ratio of two changes, and elasticity is a ratio of two percentage changes. slope measures changes in quantity demanded more accurately than elasticity. Oslope is a ratio of two percentage changes, and elasticity is a ratio of two changes. Question 6 1 pts If a good is a necessity, demand for the good would tend to be O horizontal. O elastic. O inelastic. O unit elastic.

Answer 1

And 5) 3 The correct slope is a option in 6) ratio of two changes ..... And 6) Tm corect option is c) inelastic Ansio) The correct option is d) 5.0 4,000 -2,000 elasticity : 74000- +2,000)/2 78 (7+8)/2 -5 2,000 3,000 7.5