This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The government heavily subsidizes the production of ethanol to encourage the purchase of ethanol ... (Read 196 times)

fnuegbu

  • Hero Member
  • *****
  • Posts: 539
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
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by fnuegbu on Jun 18, 2019

otokexnaru

  • Sr. Member
  • ****
  • Posts: 314
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.
Answer Preview
Only 29% of students answer this correctly


fnuegbu

  • Hero Member
  • *****
  • Posts: 539
Reply #2 on: Jun 18, 2019
TY


otokexnaru

  • Sr. Member
  • ****
  • Posts: 314
Reply #3 on: Jun 18, 2019
You're welcome


milachang

  • Newbie
  • *
  • Posts: 1
Reply #4 on: Sep 16, 2019
Thank you!


« previous next »
 

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Did you know?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

Production of Ethanol process Production of Ethanol process
World Aquaculture Production "لإنتاج العالمي لتربية الأحياء" World Aquaculture Production "لإنتاج العالمي لتربية الأحياء"
Vitamin C contributes to healthy, glowing skin by facilitating the production of collagen Vitamin C contributes to healthy, glowing skin by facilitating the production of collagen
ATP Production in Cardiac Muscle ATP Production in Cardiac Muscle
Production efficiency vs. trophic efficiency Production efficiency vs. trophic efficiency
The constitutional division of Powers Between the National Government and the States The constitutional division of Powers Between the National Government and the States
Video: Definition of heart rate

For a complete list of videos, visit our video library