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Please help me with following questions _ Price elasticity of demand measures the responsiveness of the quantity demanded to a change in price. 0 True

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Please help me with following questions

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_ Price elasticity of demand measures the responsiveness of the quantity demanded to a change in price. 0 True 0 False D Question 2 0.2 pts If the price elasticity of demand for a good is 5, that demand is said to be price inelastic. 0 True 0 False D Question 3 0.2 pts If a good's demand is price inelastic a seller would increase total revenue by lowering the price of the good. 0 True 0 False D Question 4 0.2 pts A minimum wage law is a good example of a binding price oor. 0 True 0 False _ A rent control law is a good example of a binding price ceiling. 0 True 0 False

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