Author Question: If the supply curve for orange juice is estimated to be Q = 40 + 2p, then A) supply is price ... (Read 52 times)

hbsimmons88 · **on:** Jul 1, 2018

If the supply curve for orange juice is estimated to be Q = 40 + 2p, then

A) supply is price elastic at all prices.
B) supply is price inelastic at all prices.
C) supply is elastic only at prices below 20.
D) No general statements about price elasticity of supply can be made.

Question 2

If the supply curve for orange juice is estimated to be Q = 40 + 2p, then, at a price of 2, the price elasticity of supply is

A) .01.
B) .09.
C) 1.
D) 11.

joneynes · **Reply #1 on:** Jul 1, 2018

Answer to Question 1

B

Answer to Question 2

B

hbsimmons88 · **Reply #2 on:** Jul 1, 2018

Thank you

joneynes · **Reply #3 on:** Jul 1, 2018

Happy to help you

Author Question: If the supply curve for orange juice is estimated to be Q = 40 + 2p, then A) supply is price ... (Read 52 times)

hbsimmons88

If the supply curve for orange juice is estimated to be Q = 40 + 2p, then A) supply is price ...

joneynes

If the supply curve for orange juice is estimated to be Q = 40 + 2p, then A) supply is price ...

Related Topics

Need homework help now?

hbsimmons88

If the supply curve for orange juice is estimated to be Q = 40 + 2p, then A) supply is price ...

joneynes

If the supply curve for orange juice is estimated to be Q = 40 + 2p, then A) supply is price ...