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Other Fields Homework Help Economics Topic started by: ElsaTier99 on Aug 20, 2018



Title: If a 1 percent increase in price causes a 0.5 percent increase in quantity supplied, then supply is
Post by: ElsaTier99 on Aug 20, 2018
If a 1 percent increase in price causes a 0.5 percent increase in quantity supplied, then supply is
A) elastic.
B) inelastic.
C) unit elastic.
D) infinite.


Title: If a 1 percent increase in price causes a 0.5 percent increase in quantity supplied, then supply is
Post by: pie on Aug 20, 2018
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Title: If a 1 percent increase in price causes a 0.5 percent increase in quantity supplied, then supply is
Post by: ElsaTier99 on Aug 20, 2018
:arrow_up: Correct again