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Blakksheep33 Blakksheep33
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A year ago
Suppose a decrease in world demand for potash (used in the production of fertilizer) decreases the price by 5 percent. Annual Canadian production decreases by 2 percent. What is the elasticity of supply of Canadian potash?

▸ 1.0

▸ 0.2

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▸ 0.5

▸ 2.5
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Microeconomics

Microeconomics


Edition: 17th
Author:
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brassgodbrassgod
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A year ago
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