An 18 percent increase in the price of a small car results in a ...

[formula1]

An 18 percent increase in the price of a small car results in a 10 percent increase in the quantity supplied. The price elasticity of supply is equal to
 
  A) 1.80.
  B) 0.55.
  C) 0.75.
  D) 0.40.

Question 2

One of the problems associated with the utilitarianism is that it does not recognize that
 
  A) taxing those with higher incomes results in less work effort.
  B) each individual receives a different marginal benefit from a dollar's worth of income.
  C) equity is achieved when there is no poor and no rich.
  D) similar individuals should be treated the same.

[vish98]

Answer to Question 1

B

Answer to Question 2

A

[formula1]

Correct answers!

[vish98]

Great! Please up vote