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Author Question: Market equilibrium occurs where the quantity supplied is equal to the quantity demanded. Indicate ... (Read 117 times)

fbq8i

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on: Jun 29, 2018
Market equilibrium occurs where the quantity supplied is equal to the quantity demanded.
 
  Indicate whether the statement is true or false

Question 2

If an 8 percent decrease in the price of lobster leads to a 15 percent decrease in the quantity of lobster supplied, then the supply of lobster is
 
  A) unitarily elastic. B) elastic. C) unit elastic. D) perfectly inelastic.
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vkodali

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Reply #1 on: Jun 29, 2018
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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fbq8i

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

nyrave

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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