« previous next »

Author Question: As producers have more time to adjust to a price change, price elasticity of supply a. increases ... (Read 115 times)

mwit1967

  • Hero Member
  • *****
  • Posts: 501
on: Jul 1, 2018
As producers have more time to adjust to a price change, price elasticity of supply
 a. increases
  b. decreases
  c. remains the same
  d. rises and then falls
  e. falls and then rises

Question 2

The supply curve will be more elastic if
 a. the good has few substitutes
  b. the time the producer has to adjust is long
  c. the time frame for adjusting to price changes is short
  d. demand is elastic
  e. demand is inelastic


cascooper22

  • Sr. Member
  • ****
  • Posts: 312
Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

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.

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

The second half of life brings a change from outward to inward concerns and from physical to ... The second half of life brings a change from outward to inward concerns and from physical to ...
Always take the time to install spark plug wires back into the original holding brackets (wiring ... Always take the time to install spark plug wires back into the original holding brackets (wiring ...
Natural Causes of Climate Change Natural Causes of Climate Change
Real Price of Oil, 1861–2010 Real Price of Oil, 1861–2010
Palpating for skin elasticity Palpating for skin elasticity
You're just on Time You're just on Time
Video: Mutations and translation

For a complete list of videos, visit our video library