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Title: If a 3 percent increase in the price of tennis shoes leads to a 7 percent increa Post by: Lauren1 on Nov 11, 2014 If a 3 percent increase in the price of tennis shoes leads to a 7 percent increase in the number of tennis shoes supplied,
A) the elasticity of supply equals 0.43. B) the elasticity of supply equals 2.33. C) income elasticity equals 2.33. D) supply is inelastic. Title: Re: If a 3 percent increase in the price of tennis shoes leads to a 7 percent increa Post by: MrDereche on Nov 14, 2014 Content hidden
Title: Re: If a 3 percent increase in the price of tennis shoes leads to a 7 percent increa Post by: Lauren1 on Nov 17, 2014 Thank you, this really, really helps :heart:
Title: Re: If a 3 percent increase in the price of tennis shoes leads to a 7 percent increa Post by: MrDereche on Nov 17, 2014 You're welcome!
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