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Title: If the price of corn increases by 20 percent and the quantity supplied of corn increases by 30 perce Post by: Loraine on Jun 20, 2015 If the price of corn increases by 20 percent and the quantity supplied of corn increases by 30 percent, then supply is
A) elastic and the elasticity of supply equals 1.5. B) inelastic and the elasticity of supply equals 1.5. C) elastic and the elasticity of supply equals 0.66. D) inelastic and the elasticity of supply equals 0.66. E) either elastic or inelastic, but more information about the elasticity of demand is needed to determine which. Title: Re: If the price of corn increases by 20 percent and the quantity supplied of corn increases by 30 p Post by: Smoooth on Aug 10, 2015 Content hidden
Title: Re: If the price of corn increases by 20 percent and the quantity supplied of corn increases by 30 perce Post by: Smoooth on Aug 31, 2015 You're welcome :-]
Title: Re: If the price of corn increases by 20 percent and the quantity supplied of corn increases by 30 p Post by: Monisejai on Nov 17, 2015 If the price of corn increases by 20 percent and the quantity supplied of corn increases by 30 percent, then supply is A) elastic and the elasticity of supply equals 1.5. B) inelastic and the elasticity of supply equals 1.5. C) elastic and the elasticity of supply equals 0.66. D) inelastic and the elasticity of supply equals 0.66. E) either elastic or inelastic, but more information about the elasticity of demand is needed to determine which. |