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Author Question: If a 5 percent increase in price results in a 3 percent increase in the quantity supplied, the ... (Read 85 times)

yoooooman

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on: Jun 29, 2018
If a 5 percent increase in price results in a 3 percent increase in the quantity supplied, the elasticity of supply is
 
  A) 0.30.
  B) 0.60.
  C) 1.20.
  D) 1.66.

Question 2

The lower the exchange rate, the cheaper are foreign-produced goods and services.
 
  Indicate whether the statement is true or false


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smrerig

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

FALSE


yoooooman

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

parker125

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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