« previous next »

Author Question: An upper limit to the quantity of a good that may be produced in a specific period is called A) ... (Read 63 times)

madam-professor

  • Hero Member
  • *****
  • Posts: 584
on: Jun 29, 2018
An upper limit to the quantity of a good that may be produced in a specific period is called
 
  A) production quota
  B) import quota
  C) price ceiling
  D) price floor

Question 2

Supply is elastic if
 
  A) a 1 percent change in price leads to a larger percentage change in quantity supplied.
  B) a 1 percent change in price leads to a smaller percentage change in quantity supplied.
  C) the slope of the supply curve is positive.
  D) the good in question is a normal good.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
Buy Test-Bank


matt

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Megazostrodon, the first known mammal of the Triassic period. Megazostrodon, the first known mammal of the Triassic period.
In 1839 Mary Cragin, at the age of twenty-nine, became a convert to John Humphrey Noyes’s “communism In 1839 Mary Cragin, at the age of twenty-nine, became a convert to John Humphrey Noyes’s “communism
Palette of King Narmer (front), Hierakonpolis, Upper Egypt. Palette of King Narmer (front), Hierakonpolis, Upper Egypt.
A typical good oxygen sensor waveform as displayed on a digital storage oscilloscope. Look for ... A typical good oxygen sensor waveform as displayed on a digital storage oscilloscope. Look for ...
Kneipp treatment: Upper affusion with hose at the Biltz Sanitarium in Weisbaden, Germany, 1898. Kneipp treatment: Upper affusion with hose at the Biltz Sanitarium in Weisbaden, Germany, 1898.
Avocados are a good source of pantothenic acid, dietary fiber, vitamin K Avocados are a good source of pantothenic acid, dietary fiber, vitamin K
Video: Cleavage and Implantation Animation

For a complete list of videos, visit our video library