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freezo1994 freezo1994
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A year ago
Suppose an increase in world demand for potash (used in the production of fertilizer) increases the price from $285 per tonne to $315 per tonne. Annual Canadian production increases from 15 million tonnes to 17 million tonnes. What is the elasticity of supply of Canadian potash?

▸ 1.0

▸ 0.8

▸ 2.5

▸ 0.5

▸ 1.25
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
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studyinnursestudyinnurse
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A year ago
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freezo1994 Author
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A year ago
Thanks
Goku935
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Yesterday
Brilliant ツ
cipcal
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2 hours ago
Good timing, thanks!
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