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gringoboy6 gringoboy6
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A year ago
Suppose a decrease in world demand for potash (used in the production of fertilizer) decreases the price from $400 per tonne to $240 per tonne. Annual Canadian production decreases from 12 million tonnes to 8 million tonnes. What is the elasticity of supply of Canadian potash?

▸ 0.4

▸ 1.0

▸ 0.75

▸ 0.8

▸ 1.25
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Microeconomics

Microeconomics


Edition: 17th
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dmp7474dmp7474
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A year ago
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