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

Author Question: If a 5 percent increase in price results in a 3 percent increase in the quantity supplied, the ... (Read 69 times)

yoooooman

  • Hero Member
  • *****
  • Posts: 557
on: Jun 29, 2018
If a 5 percent increase in price results in a 3 percent increase in the quantity supplied, the elasticity of supply is
 
  A) 0.30.
  B) 0.60.
  C) 1.20.
  D) 1.66.

Question 2

The lower the exchange rate, the cheaper are foreign-produced goods and services.
 
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

smrerig

  • Sr. Member
  • ****
  • Posts: 325
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

FALSE


yoooooman

  • Member
  • Posts: 557
Reply 2 on: Jun 29, 2018
Wow, this really help

Mochi

  • Member
  • Posts: 300
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Cellular mechanisms that increase protein diversity Cellular mechanisms that increase protein diversity
Results of Tracing Methods Results of Tracing Methods
IPCC Temperature Increase Predictions Relative to 1986-2005 IPCC Temperature Increase Predictions Relative to 1986-2005
IPCC Temperature Increase Predictions Relative to 1986-2005 IPCC Temperature Increase Predictions Relative to 1986-2005
A car wash reduced the price of a basic wash as a promotion and test of the market. With the ... A car wash reduced the price of a basic wash as a promotion and test of the market. With the ...
phylogenetic results using the TCF7L2 transcripting mRNA sequence for the 4 listed taxa phylogenetic results using the TCF7L2 transcripting mRNA sequence for the 4 listed taxa
Video: Carpal Tunnel Syndrome

For a complete list of videos, visit our video library