« 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 89 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?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Children with Down syndrome have a small head, short, thick neck, flattened face, and a distinctive ... Children with Down syndrome have a small head, short, thick neck, flattened face, and a distinctive ...
Sample budget spreadsheet form for first year of business. Sample budget spreadsheet form for first year of business.
Overfished per year Overfished per year
Use a graphical method to find the length of the loan to the nearest year Use a graphical method to find the length of the loan to the nearest year
Draw an Edgeworth box for two consumers over two goods Draw an Edgeworth box for two consumers over two goods
Video: Gas exchange - partial pressure, locations, external and internal respiration

For a complete list of videos, visit our video library