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Author Question: An 18 percent increase in the price of a small car results in a 10 percent increase in the quantity ... (Read 129 times)

formula1

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on: Jun 29, 2018
An 18 percent increase in the price of a small car results in a 10 percent increase in the quantity supplied. The price elasticity of supply is equal to
 
  A) 1.80.
  B) 0.55.
  C) 0.75.
  D) 0.40.

Question 2

One of the problems associated with the utilitarianism is that it does not recognize that
 
  A) taxing those with higher incomes results in less work effort.
  B) each individual receives a different marginal benefit from a dollar's worth of income.
  C) equity is achieved when there is no poor and no rich.
  D) similar individuals should be treated the same.


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vish98

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


formula1

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Reply #2 on: Jun 29, 2018
Correct answers!


vish98

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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