Chapter 5 - Elasticity and its Application

studied byStudied by 0 people
0.0(0)
Get a hint
Hint

US government

1 / 5

flashcard set

Earn XP

Description and Tags

6 Terms

1

US government

The ________ has spent billions of dollars each year to discourage the use of illegal drugs.

New cards
2

behavior of buyers

Other elasticities are used to describe the ________ in a market.

New cards
3

Total revenue

________- the amount paid by buyers and received by sellers of a good, computed as the price elasticity of demand rise of the good times the quantity sold.

New cards
4

supply of oil

When the ________ falls, the response depends on the time horizon.

New cards
5

Drug interdiction

________ could increase drug- related crime.

New cards
6

Oil

________ was the cause of the most disruptive events in the worlds economy.

New cards

Explore top notes

note Note
studied byStudied by 6 people
... ago
4.0(1)
note Note
studied byStudied by 7 people
... ago
3.0(1)
note Note
studied byStudied by 5 people
... ago
4.0(1)
note Note
studied byStudied by 5 people
... ago
5.0(1)
note Note
studied byStudied by 46 people
... ago
5.0(1)
note Note
studied byStudied by 61 people
... ago
5.0(2)
note Note
studied byStudied by 8 people
... ago
3.0(1)
note Note
studied byStudied by 22 people
... ago
2.0(1)

Explore top flashcards

flashcards Flashcard (30)
studied byStudied by 4 people
... ago
5.0(4)
flashcards Flashcard (40)
studied byStudied by 133 people
... ago
4.3(7)
flashcards Flashcard (94)
studied byStudied by 168 people
... ago
5.0(2)
robot