« previous next »

Author Question: An upper limit to the quantity of a good that may be produced in a specific period is called A) ... (Read 64 times)

madam-professor

  • Hero Member
  • *****
  • Posts: 584
on: Jun 29, 2018
An upper limit to the quantity of a good that may be produced in a specific period is called
 
  A) production quota
  B) import quota
  C) price ceiling
  D) price floor

Question 2

Supply is elastic if
 
  A) a 1 percent change in price leads to a larger percentage change in quantity supplied.
  B) a 1 percent change in price leads to a smaller percentage change in quantity supplied.
  C) the slope of the supply curve is positive.
  D) the good in question is a normal good.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
Buy Test-Bank


matt

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

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?

Cyanide works by making the human body unable to use oxygen.

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 the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

The illusory bands visible in this figure are often called Mach bands, although Mach used a ... The illusory bands visible in this figure are often called Mach bands, although Mach used a ...
The Upper Troposphere: Troughs and Ridges The Upper Troposphere: Troughs and Ridges
Apply the substance to the client’s upper chest. Apply the substance to the client’s upper chest.
Cat paw mobilizing of shoulders toward the feet. Press downward along upper trapezius muscle from ... Cat paw mobilizing of shoulders toward the feet. Press downward along upper trapezius muscle from ...
An example of the key features of pesticide labels. The EPA requires the inclusion of specific ... An example of the key features of pesticide labels. The EPA requires the inclusion of specific ...
Opposing muscles of the upper arm Opposing muscles of the upper arm
Video: Glucose Evaluation Procedure

For a complete list of videos, visit our video library