Author Question: A measure of the responsiveness of quantity supplied to changes in price is known as _____. a. ... (Read 27 times)

pane00

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A measure of the responsiveness of quantity supplied to changes in price is known as _____.
 a. cross-price elasticity
  b. price elasticity of demand
  c. price elasticity of supply
  d. income elasticity
  e. point elasticity

Question 2

Total cost equals total variable cost plus marginal cost.
 a. True
  b. False
  Indicate whether the statement is true or false



xMRAZ

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Answer to Question 1

c

Answer to Question 2

False



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