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Author Question: Typically, the more time suppliers have to adjust to changing market conditions, A) the more ... (Read 71 times)

a0266361136

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on: Jun 29, 2018
Typically, the more time suppliers have to adjust to changing market conditions,
 
  A) the more elastic the supply curve.
  B) the more elastic the demand curve.
  C) the less elastic the supply curve.
  D) the less elastic the demand curve.

Question 2

The initial supply and demand curves for a good are illustrated in the above figure. If there are technological advances in the production of the good, then the new equilibrium price for the good
 
  A) is less than 6.
  B) is 6.
  C) is more than 6.
  D) could be less than, equal to, or more than 6.


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okolip

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

A


a0266361136

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Reply #2 on: Jun 29, 2018
Thank you :)


okolip

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Reply #3 on: Jun 29, 2018
Happy to help you


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