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Author Question: Recall the Application about the short-run and long-run elasticity of supply of milk to answer the ... (Read 186 times)

bucstennis@aim.com

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on: Jul 20, 2019
Recall the Application about the short-run and long-run elasticity of supply of milk to answer the following question(s). According to the Application, the price elasticity of supply of milk over a one-year period is about 0.10, and in the long run, the price elasticity of supply is 2.5.


Recall the Application. If the price of milk increases by 100 percent and stays there for a year, the quantity of milk supplied will rise by about:
◦ 1 percent.
◦ 10 percent.
◦ 100 percent.
◦ 1,000 percent.
Microeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 8th Edition
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Marked as best answer by bucstennis@aim.com on Jul 20, 2019

recede

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Reply #1 on: Jul 20, 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.
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bucstennis@aim.com

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Reply #2 on: Jul 20, 2019
Excellent


recede

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Reply #3 on: Jul 20, 2019
Great! Please up vote :D


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