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Author Question: Price elasticity of supply is defined as A) the quantity supplied divided by the quantity ... (Read 45 times)

danielfitts88

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on: Jun 29, 2018
Price elasticity of supply is defined as
 
  A) the quantity supplied divided by the quantity demanded.
  B) the change in the quantity supplied divided by the change in the quantity demanded.
  C) the percentage change in the quantity supplied divided by the percentage change in price.
  D) the percentage change in the quantity supplied divided by the percentage change in the quantity demanded.

Question 2

Refer to the scenario above. John should submit a bid of ________.
 
  A) 400
  B) 300
  C) 100
  D) 200


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Missbam101

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

C

Answer to Question 2

B


danielfitts88

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

mjenn52

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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