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

Author Question: Which of the following commodities have a high short-run own-price elasticity of supply? a. ... (Read 30 times)

bobbysung

  • Hero Member
  • *****
  • Posts: 519
on: Jun 30, 2018
Which of the following commodities have a high short-run own-price elasticity of supply?
 a. Livestock
  b. Petroleum
  c. Food crops
  d. Diamonds

Question 2

A perfectly competitive firm faces a downward sloping market demand curve.
 a. True
  b. False
  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

uniquea123

  • Sr. Member
  • ****
  • Posts: 311
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

False


bobbysung

  • Member
  • Posts: 519
Reply 2 on: Jun 30, 2018
:D TYSM

ryansturges

  • Member
  • Posts: 338
Reply 3 on: Yesterday
Gracias!

« 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?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

From high cotransduction frequencies, close linkage is inferred From high cotransduction frequencies, close linkage is inferred
supply chain supply chain
blood supply blood supply
The common rail on a Cummins diesel engine. A high-pressure pump (up to 30,000 PSI) is used to ... The common rail on a Cummins diesel engine. A high-pressure pump (up to 30,000 PSI) is used to ...
The high-voltage disconnect switch is in the trunk area on a Toyota Prius. High-voltage lineman’s ... The high-voltage disconnect switch is in the trunk area on a Toyota Prius. High-voltage lineman’s ...
The retail price of a packaged CD is $60.00, which includes a tax of 4%. What is the actual ... The retail price of a packaged CD is $60.00, which includes a tax of 4%. What is the actual ...
Video: Renal Failure

For a complete list of videos, visit our video library