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HelloCan someone help me answer all this question please??Thanks 16. Along the inelastic portion of a demand curve a. the change in price will be

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HelloCan someone help me answer all this question please??Thanks

image text in transcribed
16. Along the inelastic portion of a demand curve a. the change in price will be less than the change in quantity demanded the percentage change in price will be less than the percentage change in QD the change in price will be more than the change in quantity demanded the percentage change in price will be more than the percentage change in QD none of the above 17. The elasticity of supply is calculated by dividing the percentage change in quantity supplied by the percentage change in price dividing the change in quantity supplied by the change in price determining the slope of the supply curve dividing the percentage change in price by the percentage change in quantity supplied none of the above 18. To maximize one's utility, you should continue to purchase a good until total utility starts to fall until marginal utility equals zero until marginal utility is negative none of the above 19. A consumer possesses five pounds of apples and values their total utility at $2.14. If one additional pound is acquired and its marginal utility is $0.19, total utility will rise to $2.25 fall to $1.95 stay the same rise to $2.33 none of the above 20. The total utility of some bundle of goods is the amount of electricity, gas, and telephone services in a bundle is the amount of money you will spend to add one more unit to a bundle is the largest amount of money you are willing to give up to purchase a bundle none of the above 21. For which of the following pairs is the cross-price elasticity of demand positive? movie and theater tickets textbooks and college education golf clubs and golf balls cars and gasoline 22. A market will experience a when the price is above the equilibrium price and a when the price is below the equilibrium price. a. shortage, shortage surplus, surplus shortage, surplus surplus, shortage

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