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

Author Question: Interpretation of Price Elasticity of SupplySuppose that in the short run, the price elasticity of ... (Read 44 times)

warrenjean01

  • Full Member
  • ***
  • Posts: 158
on: Nov 23, 2022

Question 1

If the price elasticity of supply = 1.75, P=$68 and Qs = 74, what is the slope of the supply curve? Round your final answer to two decimal places.
◦ 0.91891892
◦ 0.62
◦ 1.60810811
◦ 0.53

Question 2

Interpretation of Price Elasticity of Supply

Suppose that in the short run, the price elasticity of supply is 0.6 and in the long run the price elasticity of supply is 2.2. The price increases by 85%, the change in quantity supplied in the short run is ________ and the change in quantity supplied in the long run is ________. Round your final answer to one decimal place.
◦ 51, 187
◦ 187, 51
◦ 141.7, 38.6
◦ 38.6, 141.7
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by warrenjean01 on Nov 23, 2022

dadgoere765

  • Full Member
  • ***
  • Posts: 186
Reply #1 on: Nov 23, 2022
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


warrenjean01

  • Member
  • Posts: 158
Reply 2 on: Nov 23, 2022
Great answer, keep it coming :)

ricroger

  • Member
  • Posts: 352
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

Brain Interpretation and Regions Brain Interpretation and Regions
U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994 U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994
Excel Interpretation Excel Interpretation
Data management short answer q Data management short answer q
The net price of an article is $79.84. What is the list price if a discount of 23% was allowed? The net price of an article is $79.84. What is the list price if a discount of 23% was allowed?
Results and interpretation of a mixed copolymer Results and interpretation of a mixed copolymer
Video: Plant Defense Mechanisms from Pathogens

For a complete list of videos, visit our video library