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Author Question: In the late 1980s, the health benefits of oat bran were widely advertised. If the price of oats ... (Read 34 times)

kodithompson

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on: Jul 1, 2018
In the late 1980s, the health benefits of oat bran were widely advertised. If the price of oats increased 50, causing the quantity of oats supplied to increase by 40, then the price elasticity of supply was
 
  A) 1.25.
  B) -1.25.
  C) -0.80.
  D) 0.80.

Question 2

As prices change, the elasticity of supply describes the movement
 
  A) of a shift in the supply curve.
  B) of the equilibrium price.
  C) along the supply curve.
  D) from a necessity to a luxury good.
Microeconomics ¦ Perloff ¦ 8th Edition
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ciecieme

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Reply #1 on: Jul 1, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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kodithompson

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

billybob123

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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