Register

At high price levels, demand tends to be ________ and the price effect is ________, relative to the output effect.

At high price levels, demand tends to be ________ and the price effect is ________, relative to the output effect.
asked 73.0k views
5 votes
At high price levels, demand tends to be ________ and the price effect is ________, relative to the output effect.

asked
User Wasikuss
by
8.0k points

1 Answer

5 votes
At high price levels, demand tends to be elastic and the price effect is small relative to the output effect.
answered
User Grahan
by
8.5k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

Who was Adam Smith ? Anybody?
What can turn igneous rock into sediment?
In what way did the GI Bill contribute to the growth of professional and white-collar jobs ? A.by providing US laborers with new job-training programs B.by giving US veterans assistance to purchase a new
Link Copied!