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

Author Question: If a 5 percent increase in price results in a 3 percent increase in the quantity supplied, the ... (Read 150 times)

yoooooman

  • Hero Member
  • *****
  • Posts: 557
on: Jun 29, 2018
If a 5 percent increase in price results in a 3 percent increase in the quantity supplied, the elasticity of supply is
 
  A) 0.30.
  B) 0.60.
  C) 1.20.
  D) 1.66.

Question 2

The lower the exchange rate, the cheaper are foreign-produced goods and services.
 
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

smrerig

  • Sr. Member
  • ****
  • Posts: 325
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

FALSE


yoooooman

  • Member
  • Posts: 557
Reply 2 on: Jun 29, 2018
:D TYSM

Jsherida

  • Member
  • Posts: 314
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Summary of greenhouse experimental design and results Summary of greenhouse experimental design and results
Crossing Over Results in Genetic Recombination p2 Crossing Over Results in Genetic Recombination p2
(a) Initial mtDNA results suggested modern humans and Neadertals were equally distantly related to D (a) Initial mtDNA results suggested modern humans and Neadertals were equally distantly related to D
Enterohepatic recirculation of a drug can increase its half-life in the body and prolong its ... Enterohepatic recirculation of a drug can increase its half-life in the body and prolong its ...
Radiation Quantity and Quality Radiation Quantity and Quality
F1 and F2 results of Mendel’s dihybrid crosses F1 and F2 results of Mendel’s dihybrid crosses
Video: Introduction to Photolithography - WC, BLF, PA, Hard and Soft baking

For a complete list of videos, visit our video library