# Qulzlet Question Assignments | Online Homework Help

Refer to the accompanying figure. Assume the slopes of the two demand curves are the same. Let eA denote the price elasticity of demand at point A, and let eB denote the price elasticity of demand at point B.

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Which of the following statements is correct?

Multiple Choice

• eA > eB
• eA < eB
• eA = eB
• eA ÷ e< 0

Refer to the accompanying figure. If the price of this good is initially \$3, and price falls by a few cents, then what will happen to total expenditure on this good?

Multiple Choice

• Total expenditure will rise.
• Total expenditure will not change.
• Total expenditure will fall.
• Total expenditure will fall to 0.

Refer to the accompanying figure. If P = \$6, then the price elasticity of supply is:

Multiple Choice

• less than zero
• positive, but less than one
• one
• greater than one

If the price elasticity of demand for a good is greater than one, then the demand for that good is:

Multiple Choice

• unit elastic.
• perfectly elastic.

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