1. The price elasticity of demand on the midpoint of the demand curve is? A. price elastic. B. price inelastic. C. unita

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answerhappygod
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1. The price elasticity of demand on the midpoint of the demand curve is? A. price elastic. B. price inelastic. C. unita

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1. The price elasticity of demand on the midpoint of the demand
curve is?
A. price elastic.
B. price inelastic.
C. unitary price elastic.
2. The decision “how to produce” means:
choosing the most efficient method of production.
choosing the best output combination on the PP frontier.
there is a trade-off between output combinations because of
limited resources
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