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Author Question: A measure of the responsiveness of quantity supplied to changes in price is known as _____. a. ... (Read 41 times)

pane00

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on: Jun 30, 2018
A measure of the responsiveness of quantity supplied to changes in price is known as _____.
 a. cross-price elasticity
  b. price elasticity of demand
  c. price elasticity of supply
  d. income elasticity
  e. point elasticity

Question 2

Total cost equals total variable cost plus marginal cost.
 a. True
  b. False
  Indicate whether the statement is true or false


xMRAZ

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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

False


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pane00

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Reply #2 on: Jun 30, 2018
Thank you


xMRAZ

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Reply #3 on: Jun 30, 2018
No problemo


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