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

Author Question: Suppose an increase in world demand for potash (used in the production of fertilizer) increases the ... (Read 117 times)

jordangardner

  • Full Member
  • ***
  • Posts: 145
on: Oct 12, 2022

Question 1

Suppose a decrease in world demand for potash (used in the production of fertilizer) decreases the price by 5 percent. Annual Canadian production decreases by 2 percent. What is the elasticity of supply of Canadian potash?
◦ 1.0
◦ 0.2
◦ 0.4
◦ 0.5
◦ 2.5

Question 2

Suppose an increase in world demand for potash (used in the production of fertilizer) increases the price from $285 per tonne to $315 per tonne. Annual Canadian production increases from 15 million tonnes to 17 million tonnes. What is the elasticity of supply of Canadian potash?
◦ 1.0
◦ 0.8
◦ 2.5
◦ 0.5
◦ 1.25
Microeconomics ¦ Ragan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by jordangardner on Oct 12, 2022

msgero

  • Full Member
  • ***
  • Posts: 155
Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 50% of students answer this correctly


jordangardner

  • Member
  • Posts: 145
Reply 2 on: Oct 12, 2022
Thanks for the timely response, appreciate it

AngeliqueG

  • Member
  • Posts: 343
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

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?

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

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Distribution of the Ceboidea, or New World monkeys. Distribution of the Ceboidea, or New World monkeys.
World Climate Regions and Climographs World Climate Regions and Climographs
Paleogene world Paleogene world
Vitamin C contributes to healthy, glowing skin by facilitating the production of collagen Vitamin C contributes to healthy, glowing skin by facilitating the production of collagen
How high a hill would a 75-kg hiker have to climb to increase her gravitational potential ... How high a hill would a 75-kg hiker have to climb to increase her gravitational potential ...
Arctic tundra on the world map Arctic tundra on the world map
Video: Second Messengers in the Inositol-lipid Signaling Pathway

For a complete list of videos, visit our video library