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 86 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
Wow, this really help

jojobee318

  • Member
  • Posts: 298
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

Did you know?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

(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
Many electronic components are used to construct a typical vehicle computer. Notice the quantity of ... Many electronic components are used to construct a typical vehicle computer. Notice the quantity of ...
Water vapor is supplied to the atmosphere by local evaporation or horizontal transport (advection). Water vapor is supplied to the atmosphere by local evaporation or horizontal transport (advection).
The results of a cytogenetic survey of over 4,000 miscarriages show a wide variation in how often sp The results of a cytogenetic survey of over 4,000 miscarriages show a wide variation in how often sp
Belief that premarital sex is “not wrong at all,” Canada, 1975—2016 (in percent) Belief that premarital sex is “not wrong at all,” Canada, 1975—2016 (in percent)
BLAST results showing a 280-base sequence of a chromosome 12 contig from rats BLAST results showing a 280-base sequence of a chromosome 12 contig from rats
Video: Elementary kinetics

For a complete list of videos, visit our video library