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tw1gg tw1gg
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A year ago
Suppose an increase in world demand for potash (used in the production of fertilizer) increases the price by 22 percent. Annual Canadian production increases by 33 percent. What is the elasticity of supply of Canadian potash?

▸ 1.0

▸ 0.33

▸ 0.22

▸ 1.5

▸ 0.67
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Microeconomics

Microeconomics


Edition: 17th
Author:
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parrotheadparrothead
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A year ago
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