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

Author Question: A good is said to have an elastic supply if its price elasticity of supply is: A) equal to zero. ... (Read 116 times)

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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

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
Thanks for the timely response, appreciate it

komodo7

  • Member
  • Posts: 322
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

Your heart beats over 36 million times a year.

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Myocardial Oxygen supply and demand Myocardial Oxygen supply and demand
An engine in good mechanical condition should produce 17 to 21 inches Hg of vacuum at idle at sea ... An engine in good mechanical condition should produce 17 to 21 inches Hg of vacuum at idle at sea ...
To help make good electrical contact with the terminals without doing any harm, select the ... To help make good electrical contact with the terminals without doing any harm, select the ...
Oil supply and prices affect the economies of nations Oil supply and prices affect the economies of nations
Real Price of Oil, 1861–2010 Real Price of Oil, 1861–2010
Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ... Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ...
Video: Baroreceptor Reflex

For a complete list of videos, visit our video library