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regina nana regina nana
wrote...
Posts: 502
Rep: 7 0
5 years ago

Question 1.

The value of the price elasticity of supply depends primarily on how quickly firms can acquire inputs to increase quantity supplied when price increases.

• true

• false

Question 2.

Supply is elastic whenever the value of the elasticity of supply is positive and greater than 1.

• true

• false
Textbook 
Microeconomics

Microeconomics


Edition: 7th
Authors:
Read 53 times
1 Reply

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Replies
wrote...
5 years ago

Answer 1

true

Answer 2

true
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