menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Microeconomics A Contemporary Introduction Study Set 1
  4. Exam
    Exam 5: Elasticity of Demand and Supply
  5. Question
    If Income Rises and the Demand for Toothbrushes Stays the Same
Solved

If Income Rises and the Demand for Toothbrushes Stays the Same

Question 47

Question 47

True/False

If income rises and the demand for toothbrushes stays the same, income elasticity of toothbrushes is said to be unit elastic.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q42: As consumers have a longer time period

Q43: Demand is more elastic<br>A)in the short run

Q44: If city officials expect that an increase

Q45: A 10 percent increase in the price

Q46: Elasticity is always<br>A)measured in dollars<br>B)measured in dollars

Q49: Computers and software programs are<br>A)inferior goods<br>B)complementary goods<br>C)goods

Q50: Some demand curves have constant elasticity everywhere.

Q51: If its value of cross-price elasticity is

Q52: Exhibit 5-27 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6784/.jpg" alt="Exhibit 5-27

Q158: Which of the following describes a situation

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines