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Author Question: Price elasticity of supply is defined as A) the quantity supplied divided by the quantity ... (Read 461 times)

danielfitts88

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on: Jun 29, 2018
Price elasticity of supply is defined as
 
  A) the quantity supplied divided by the quantity demanded.
  B) the change in the quantity supplied divided by the change in the quantity demanded.
  C) the percentage change in the quantity supplied divided by the percentage change in price.
  D) the percentage change in the quantity supplied divided by the percentage change in the quantity demanded.

Question 2

Refer to the scenario above. John should submit a bid of ________.
 
  A) 400
  B) 300
  C) 100
  D) 200


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Missbam101

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


danielfitts88

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  • Posts: 535
Reply 2 on: Jun 29, 2018
Excellent

Liamb2179

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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