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

Author Question: Long-run elasticity of supply is defined as: a. percentage change in quantity demanded in the long ... (Read 38 times)

fnuegbu

  • Hero Member
  • *****
  • Posts: 539
on: Jul 1, 2018
Long-run elasticity of supply is defined as:
 a. percentage change in quantity demanded in the long run divided by percentage change in price.
  b. percentage change in price divided by percentage change in quantity demanded in the long run.
  c. percentage change in quantity supplied in the long run divided by percentage change in price.
  d. percentage change in price divided by percentage change in quantity demanded in the long run.

Question 2

Appendix: Common value auctions with open bidding necessarily entail
 a. asymmetric information
  b. ascending prices
  c. more than two bidders
  d. amendment of bids
  e. sealed final offers.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

covalentbond

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jul 1, 2018
Answer to Question 1

c

Answer to Question 2

d


fnuegbu

  • Member
  • Posts: 539
Reply 2 on: Jul 1, 2018
:D TYSM

carlsona147

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Excellent

« 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?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Having a time zone map located near the telephone will assist you when making long distance calls ou Having a time zone map located near the telephone will assist you when making long distance calls ou
Despite the globe’s vast social change, people all over the world continue to make race a ... Despite the globe’s vast social change, people all over the world continue to make race a ...
Ancient Climate Change Ancient Climate Change
Epiphyseal Plate in Long Bone Adolescent bone growth takes place along the epiphyseal plate Epiphyseal Plate in Long Bone Adolescent bone growth takes place along the epiphyseal plate
Testing the arterial supply to the lower extremities Testing the arterial supply to the lower extremities
The original Supply and Demand graph The original Supply and Demand graph
Video: Optic Nerve and Optic Disk Animation (Part 2 of 2)

For a complete list of videos, visit our video library