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 69 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
Great answer, keep it coming :)

ryansturges

  • Member
  • Posts: 338
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Common sites of amputation. (A) Upper extremities. (B) Lower extremities. The surgeon determines th Common sites of amputation. (A) Upper extremities. (B) Lower extremities. The surgeon determines th
Anthropologist Andrea Wiley (left) investigates the effects of high-altitude living on reproductive Anthropologist Andrea Wiley (left) investigates the effects of high-altitude living on reproductive
To measure fuel-injector resistance, a technician constructed a short wiring harness with a double ... To measure fuel-injector resistance, a technician constructed a short wiring harness with a double ...
Classic Supply - Demand Curve Classic Supply - Demand Curve
The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ... The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ...
"The Department of Agriculture came out today with its prediction for food price "The Department of Agriculture came out today with its prediction for food price
Video: Brain Lobes Animation

For a complete list of videos, visit our video library