Top Posters
Since Sunday
k
4
c
4
M
3
t
3
i
3
B
3
k
3
m
3
c
3
o
3
l
3
r
3
Home Q & A Board Other Fields Homework Help Business
New Topic  
Lauren1 Lauren1
wrote...
Go to Answer
Posts: 4120
Rep: 12 0
9 years ago
Suppose tennis shoes cost $50 per pair and firms supply 50,000 pairs of shoes. If the price decreases to $45 and firms decide to supply 48,000, the elasticity of supply equals
A) 0.0025.
B) 0.04.
C) 2.63.
D) 0.39.
Read 417 times
3 Replies
Replies
Answer accepted by topic starter
MrDerecheMrDereche
wrote...
#1
Top Poster
Posts: 4095
Rep: 304 0
9 years ago
Sign in or Sign up in seconds to unlock everything for free
1

Related Topics

Lauren1 Author
wrote...
#2
9 years ago
Thank you, this really, really helps Heavy Heart
wrote...
#3
9 years ago
You're welcome!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  852 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 121
  
 1163
  
 115
Your Opinion
Which is the best fuel for late night cramming?
Votes: 146
Previous poll results: Which 'study break' activity do you find most distracting?