This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Long-run elasticity of supply is defined as: a. percentage change in quantity demanded in the long ... (Read 80 times)

fnuegbu

  • Hero Member
  • *****
  • Posts: 539
on: Jul 1, 2018
Long-run elasticity of supply is defined as:
 a. percentage change in quantity demanded in the long run divided by percentage change in price.
  b. percentage change in price divided by percentage change in quantity demanded in the long run.
  c. percentage change in quantity supplied in the long run divided by percentage change in price.
  d. percentage change in price divided by percentage change in quantity demanded in the long run.

Question 2

Appendix: Common value auctions with open bidding necessarily entail
 a. asymmetric information
  b. ascending prices
  c. more than two bidders
  d. amendment of bids
  e. sealed final offers.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

covalentbond

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jul 1, 2018
Answer to Question 1

c

Answer to Question 2

d


fnuegbu

  • Member
  • Posts: 539
Reply 2 on: Jul 1, 2018
:D TYSM

ebonylittles

  • Member
  • Posts: 318
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Did you know?

The shortest mature adult human of whom there is independent evidence was Gul Mohammed in India. In 1990, he was measured in New Delhi and stood 22.5 inches tall.

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

The rate of evolution in short­ and long­lived plants The rate of evolution in short­ and long­lived plants
Carbon Dioxide, Trace Gases, and Climate Change Carbon Dioxide, Trace Gases, and Climate Change
Climate Change Climate Change
Classic Supply - Demand Curve Classic Supply - Demand Curve
Climate change Climate change
If you are able to earn 6.2% compounded semi-annually in an account, how long will it take for ... If you are able to earn 6.2% compounded semi-annually in an account, how long will it take for ...
Video: Action potentials - electrical characteristics and generation

For a complete list of videos, visit our video library