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Lauren1 Lauren1
wrote...
Posts: 4120
9 years ago
The price elasticity of supply of laptop computers equals 1.5 if
A) a rightward shift of the demand curve for laptops causes the quantity supplied to increase by 1.5 percent.
B) a rightward shift of the demand curve for laptops causes a 1.5 percent increase in their price.
C) for every 1 percent that laptop prices increase, computer makers produce another 1.5 percent laptops.
D) for every $1.00 that laptops increase in price, computer makers produce another 150 laptops.
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Answer accepted by topic starter
MrDerecheMrDereche
wrote...
Top Poster
Posts: 4095
9 years ago
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Lauren1 Author
wrote...
9 years ago
Thank you, this really, really helps Heavy Heart
wrote...
9 years ago
You're welcome!
Anonymous
wrote...
2 months ago
Help! The answer is missing an explanation...
wrote...
2 months ago
Help! The answer is missing an explanation...

Done!!!
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