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Author Question: A value of zero for the elasticity of supply of some product implies that (Read 82 times)

rissygurl1124

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Question 1

The elasticity of supply for a given commodity is calculated as








Question 2

A value of zero for the elasticity of supply of some product implies that
◦ the product will not be supplied at any price.
◦ supply is highly responsive to price.
◦ the supply curve is vertical.
◦ the supply curve is horizontal.
◦ there is no supply.


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Marked as best answer by rissygurl1124 on Oct 12, 2022

KobyRhoads

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rissygurl1124

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Reply 2 on: Oct 12, 2022
:D TYSM


Hdosisshsbshs

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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