Top Posters
Since Sunday
g
2
2
2
1
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
Loraine Loraine
wrote...
Go to Answer
Posts: 4563
Rep: 33 0
9 years ago
Suppose a 20 percent increase in the price of gasoline results in a 25 percent increase in the quantity supplied. This response means that gasoline has
A) an elastic supply.
B) an inelastic supply.
C) a unit elastic supply.
D) an inelastic demand.
E) an elastic demand.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
Read 242 times
2 Replies
Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
Replies
Answer verified by a subject expert
SmooothSmoooth
wrote...
#1
Top Poster
Posts: 5500
Rep: 381 0
9 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

wrote...
#2
9 years ago
Don't mention it Happy Dummy
New Topic      
Quick Reply
Bold
Italic
Underline
Strikethrough
Subscript
Superscript
Insert Math Equation
Font Name
Font Color
Align left
Center
Align right
Bullet list
Numbered list
Insert a horizontal rule
Insert a table
Insert a Quote
View source
Explore
Post your homework questions and get free online help from our incredible volunteers
  1578 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 294
  
 995
  
 375
Your Opinion
How often do you eat-out per week?
Votes: 167
Previous poll results: Which is the best fuel for late night cramming?