« previous next »

Author Question: The duration of the short-run A) is one year. B) is the same for all goods. C) depends on the ... (Read 79 times)

renzo156

  • Hero Member
  • *****
  • Posts: 526
on: Jul 1, 2018
The duration of the short-run
 
  A) is one year.
  B) is the same for all goods.
  C) depends on the relative short-run elasticity of demand and supply for the good.
  D) depends on how long it takes consumers or firms to adjust for a particular good.

Question 2

As the demand for corn increases to provide input for ethanol production, what is expected to happen to the price elasticity of corn supply?
 
  A) It will decrease.
  B) It will become zero.
  C) It will increase.
  D) It will not change.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


mbcrismon

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

(a) Mean duration (days) and (b) average maximum depth (mm) of snow cover throughout northern latitu (a) Mean duration (days) and (b) average maximum depth (mm) of snow cover throughout northern latitu
Observed Mother–Child Arguments at Five Time Points Over an Eight-Year Period Observed Mother–Child Arguments at Five Time Points Over an Eight-Year Period
A patient’s cognitive ability depends on his or her psychologic status, which is influenced by ... A patient’s cognitive ability depends on his or her psychologic status, which is influenced by ...
This 19-year-old in Wisconsin was given a reduced jail sentence for holding this sign in front of ... This 19-year-old in Wisconsin was given a reduced jail sentence for holding this sign in front of ...
Each year, the leaders of the world’s eight most powerful nations meet in a secluded place to make ... Each year, the leaders of the world’s eight most powerful nations meet in a secluded place to make ...
Nitin earns $48,000 per year. Determine his gross earnings for each pay period if he is paid ... Nitin earns $48,000 per year. Determine his gross earnings for each pay period if he is paid ...
Video: hGH (protein synthesis, growth and development)

For a complete list of videos, visit our video library