Multiple Choice
If the price elasticity of supply is 0.4,and a price increase led to a 5% increase in quantity supplied,then the price increase is about
A) 0.25%.
B) 1.2%.
C) 2%.
D) 12.5%.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q69: Figure 5-15 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 5-15
Q70: A manufacturer produces 400 units when the
Q71: At price of $1.30 per pound,a local
Q72: A bakery would be willing to supply
Q73: If a 20% change in price results
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
Q79: If the price elasticity of supply is
Q96: Which of the following statements is valid