ACC 576 Week 8 Quiz ( All Possible Questions ) For more course tutorials visit www . uophelp . com
32 . Which of the following characteristics would indicate that an item sold would have a high price elasticity of demand ?
33 . An increase in the price of Commodity Y from $ 50 to $ 60 resulted in an increase in the quantity supplied , from 80 units to 88 units . Which one of the following is the price elasticity of supply ?
34 . A company has a policy of frequently cutting prices to increase sales . Product demand is significantly elastic . What impact would this have on the company ' s situation ?
35 . If demand for a product is elastic , what would be the effect of a price increase and a price decrease on total revenue ( TR ) generated ?
36 . In which of the following situations would there be inelastic demand ? 37 . The elasticity of demand is measured by 38 . A 4 % increase in the market price of Commodity X resulted in an 8 % increase in the quantity of Commodity X supplied . Which one of the following statements is correct ?
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ACC 576 Week 8 Quiz ( All Possible Questions ) For more course tutorials visit www . uophelp . com
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1 . Regarding financial resources , financial management is concerned with the efficiency and effectiveness of which of the following ?