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Author Question: The government heavily subsidizes the production of ethanol to encourage the purchase of ethanol ... (Read 189 times)

fnuegbu

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on: Jun 18, 2019
The government heavily subsidizes the production of ethanol to encourage the purchase of ethanol over oil, a less environmentally friendly form of energy. Given that the supply elasticity of ethanol, η, is estimated to be about 0.13, what would the elasticity of demand, ε, have to be for consumers to receive at least half of the subsidy, and therefore encourage ethanol consumption?
◦ ε must be more inelastic than the elasticity of supply.
◦ ε must be greater than .
◦ ε must be less than .
◦ Both A and C.
Microeconomics ¦ Perloff ¦ 8th Edition
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Marked as best answer by fnuegbu on Jun 18, 2019

otokexnaru

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Reply #1 on: Jun 18, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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fnuegbu

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Reply #2 on: Jun 18, 2019
TY


otokexnaru

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Reply #3 on: Jun 18, 2019
You're welcome


milachang

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Reply #4 on: Sep 16, 2019
Thank you!


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