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

Author Question: The government heavily subsidizes the production of ethanol to encourage the purchase of ethanol ... (Read 394 times)

fnuegbu

  • Hero Member
  • *****
  • Posts: 539
on: Jun 18, 2019
The government heavily subsidizes the production of ethanol to encourage the purchase of ethanol over oil, a less environmentally friendly form of energy. Given that the supply elasticity of ethanol, η, is estimated to be about 0.13, what would the elasticity of demand, ε, have to be for consumers to receive at least half of the subsidy, and therefore encourage ethanol consumption?
◦ ε must be more inelastic than the elasticity of supply.
◦ ε must be greater than .
◦ ε must be less than .
◦ Both A and C.
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 fnuegbu on Jun 18, 2019

otokexnaru

  • Sr. Member
  • ****
  • Posts: 314
Reply #1 on: Jun 18, 2019
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 29% of students answer this correctly


fnuegbu

  • Hero Member
  • *****
  • Posts: 539
Reply #2 on: Jun 18, 2019
TY


otokexnaru

  • Sr. Member
  • ****
  • Posts: 314
Reply #3 on: Jun 18, 2019
You're welcome


milachang

  • Newbie
  • *
  • Posts: 1
Reply #4 on: Sep 16, 2019
Thank you!


« previous next »
 

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

This painting depicts New Orleans in 1803, when the city was acquired—along with much of the modern This painting depicts New Orleans in 1803, when the city was acquired—along with much of the modern
Great Britain Production of Glass 1800s Great Britain Production of Glass 1800s
Production-scale tangential flow filtration system. Production-scale tangential flow filtration system.
The constitutional division of Powers Between the National Government and the States The constitutional division of Powers Between the National Government and the States
Nonshivering heat production Nonshivering heat production
Ethylene Production During Strawberry Ripening Ethylene Production During Strawberry Ripening
Video: Phlebotomy

For a complete list of videos, visit our video library