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can you help me with these t/f questions. The price elasticity of demand equals the slope of the demand curve. t/f the larger the portion
can you help me with these t/f questions.
- The price elasticity of demand equals the slope of the demand curve. t/f
- the larger the portion of a persons total budget spent on a good, the more inelastic the demand for the good. t/f
- if the demand for farm products is income elastic; that would mean that farm products were necessity. t/f
- for hockey memorabilia fans, the puck with which Sidney Crosby scored the Golden Goal in 2010 is perfectly elastic In supply. t/f
- if the price of a pumpkin rises and consumers total expenditure on pumpkins increases, then the demand for pumpkin Is inelastic. t/f
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