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

Author Question: In the late 1980s, the health benefits of oat bran were widely advertised. If the price of oats ... (Read 51 times)

kodithompson

  • Hero Member
  • *****
  • Posts: 566
on: Jul 1, 2018
In the late 1980s, the health benefits of oat bran were widely advertised. If the price of oats increased 50, causing the quantity of oats supplied to increase by 40, then the price elasticity of supply was
 
  A) 1.25.
  B) -1.25.
  C) -0.80.
  D) 0.80.

Question 2

As prices change, the elasticity of supply describes the movement
 
  A) of a shift in the supply curve.
  B) of the equilibrium price.
  C) along the supply curve.
  D) from a necessity to a luxury good.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ciecieme

  • Sr. Member
  • ****
  • Posts: 331
Reply #1 on: Jul 1, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 56% of students answer this correctly


kodithompson

  • Member
  • Posts: 566
Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

hollysheppard095

  • Member
  • Posts: 339
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Mammography. (a) A health-care professional assists the patient to ensure the breast is placed ideal Mammography. (a) A health-care professional assists the patient to ensure the breast is placed ideal
Example of Health Care Services Example of Health Care Services
Types of Health Maintenance Organizations Types of Health Maintenance Organizations
Patients with celiac disease must maintain a gluten-free diet. Many gluten-free items are widely ... Patients with celiac disease must maintain a gluten-free diet. Many gluten-free items are widely ...
Planning, Implementing, & Evaluating Health Promotion Programs: A Primer (6th Edition) Planning, Implementing, & Evaluating Health Promotion Programs: A Primer (6th Edition)
"The Department of Agriculture came out today with its prediction for food price "The Department of Agriculture came out today with its prediction for food price
Video: Cleavage and Implantation Animation

For a complete list of videos, visit our video library