Question Completion Status: CIUSS Pasticity or eman Tor suas O e emand for potato chips is 3. el, demand for soda is 3. QUESTION 12 Demand is said to be when the quantity demanded is proportionately responsive to changes in price. perfectly inelastic unit elastic O inelastic fo perfectly elastic elastic Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers CE pe here to search tamusa.blackboard.com/webapps/assessment/take/launch.jsp?course_assessment_id=_74407_1&course_id=_251026_1&content_id=_1534953_1&step=null ces Remaining Time: 42 minutes, 02 seconds. age Question Completion Status: elastic Guide uide QUESTIO 1 Services 0.83 points and then Services - logy To calculate the percentage change in price, the midpoint formula divides the change in price by the multiplies by 100 ANSWER CHOICES: initial price or new price or average of the initial and the new price et Services - ces QUESTION 4 0.83 points SI Suppose the price of a movie falls hom $9 to $7. Using the midpoint method, what is the percentage change in price? DO NOT USE NEGATIVE SIGN >) Help Tutorials QUESTION 5 0.83 points Sa P Suppose the price of a video game rises from $45 to $55. Using the midpoint method what is the percentage change in price? rces DO NOT USE NEGATIVE SIGN Click Save and Submit to save and submit. Click Save All Answers to save all answers Save All Answers Save an here to search DALL Remaining Time: 41 minutes, 39 seconds. Question Completion Status: for which demand decreases as income increases. that has an upward sloping demand curva for which there is no demand. QUESTION 9 Perfectly inelastic demand, like that of medication, means that consumers will buy a huge, almost infinite amount more, if the price falls just a little. will buy the same quantity, regardless of price. decrease their consumplison as price rises. are willing to buy any quantity of the good at a given price, but none at higher prices. increase their consumption as price rises. QUESTION 10 The price elasticity of demand measures the: Click Save and Submit to save and submit. Click Save all answers to save all answers. Type here to search a * Question Completion Status: QUESTION 5 Suppose th video game rises from $45 to $55. Using the midpoint method, what is the percentag in price? DO NOT E SIGN QUESTION 6 When the percentage change in quantity supplied is less than the percentage change in price, then supply is elastic perfectly inelastic inelastic se unit elastic QUESTION 7 Click Save and Submit to save and submit. Click Save All Answers to save all answers, Save All Ans to search a