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Author Question: If the price of corn increases by 20 percent and the quantity supplied of corn increases by 30 ... (Read 42 times)

karateprodigy

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on: May 24, 2019
If the price of corn increases by 20 percent and the quantity supplied of corn increases by 30 percent, then supply is
◦ elastic and the elasticity of supply equals 1.5.
◦ inelastic and the elasticity of supply equals 1.5.
◦ elastic and the elasticity of supply equals 0.66.
◦ inelastic and the elasticity of supply equals 0.66.
◦ either elastic or inelastic, but more information about the elasticity of demand is needed to determine which.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by karateprodigy on May 24, 2019

wuly

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Reply #1 on: May 24, 2019
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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karateprodigy

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Reply 2 on: May 24, 2019
YES! Correct, THANKS for helping me on my review

epscape

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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