[Answered] A good is said to have an elastic supply if its price elasticity of supply is: A) equal to zero. ...

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stevenposner

Hero Member
Posts: 608

on: Jun 29, 2018

A good is said to have an elastic supply if its price elasticity of supply is:

A) equal to zero.
B) between zero and one.
C) equal to one.
D) greater than one.

Question 2

Social surplus is maximized in a(n) ________.

A) perfectly competitive market
B) monopolistically competitive market
C) monopoly market
D) oligopoly market

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prumorgan

Sr. Member
Posts: 326

Reply #1 on: Jun 29, 2018

Answer to Question 1

D

Answer to Question 2

A

stevenposner

Member
Posts: 608

Reply 2 on: Jun 29, 2018

TYSM

atrochim

Member
Posts: 331

Reply 3 on: Yesterday

Gracias!

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