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Author Question: Which of the following commodities have a high short-run own-price elasticity of supply? a. ... (Read 28 times)

bobbysung

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on: Jun 30, 2018
Which of the following commodities have a high short-run own-price elasticity of supply?
 a. Livestock
  b. Petroleum
  c. Food crops
  d. Diamonds

Question 2

A perfectly competitive firm faces a downward sloping market demand curve.
 a. True
  b. False
  Indicate whether the statement is true or false


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uniquea123

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Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

False


bobbysung

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

kusterl

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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