Business, 09.10.2019 06:30 adrianawalker16

True or false: the value of the price elasticity of demand is not equal to the slope of the demand curve.

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Answer from: deena7

It is true that the value of the price elasticity of demand is not equal to the slope of the demand curve.
There are some distinctions between these two types of demands, and although it may happen that they become equal at one point, that is a rare occurrence. Most often they are not equal but rather quite different in reality.

Answer from: dareaalcaam111

The price elasticity is defined as the quantity of the product demanded or purchased more than the price change. Thus, the product is then termed elastic.

The value of price elasticity of demand is not equal to the slope of the demand curve.

The given statement is true.

The price elasticity refers to the percentage change in the demand and price, whereas the slope considers the exact change in absolute terms.

The price elasticity can be expressed as:

$\text{Price Elastcity}&= \dfrac{1}{\text{slope}}\times \dfrac{\text{original price}}{\text{original quantity demanded}}$

The above formula shows that both might be equal but are not exactly the same.

For instance, if the slope original price and original quantity demand are 1, then the Price elasticity will be 1.

Therefore, the given statement is true.

To know more about price elasticity, refer to the following link:

link

Answer from: Quest

net worth is the difference between what you own and what you have. if you exceed your liabilities you have a positive net worth. if your liabilities are greater than your assets you have a negative net worth. its a snapshot of your financial situation. if you calculate your net worth you will see the end result of everything you've earned and spent as of now. net worth statements and all you asked of can you determine where you are, how to get where you want to be, if your spending to much. honestly it can tell you a lot of things. i can go on, but you can paint the picture from here.

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Answer from: Quest

answer; drop shippers;

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True or false: the value of the price elasticity of demand is not equal to the slope of the demand...

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