Multiple Choice
If the price elasticity of supply is 1.2,and a price increase led to a 5% increase in quantity supplied,then the price increase is about
A) 0.24%.
B) 4.2%.
C) 6%.
D) 6.2%.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q74: If the price elasticity of supply is
Q76: Suppose that an increase in the price
Q77: If a 25% change in price results
Q78: When a supply curve is relatively flat,<br>A)sellers
Q80: Which of the following statements is not
Q81: If sellers do not adjust their quantity
Q82: If the price elasticity of supply for
Q83: Figure 5-16 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 5-16
Q84: Frequently,in the short run,the quantity supplied of
Q96: Which of the following statements is valid