Recent Posts • Latest Topics • Unanswered Questions

Which of the following is true?i.The supply of a good is inelastic if when its price changes, the pe

Loraine

wrote...

Go to Answer

Posts: 4563

Rep:

8 years ago

Which of the following is true?i.The supply of a good is inelastic if when its price changes, the pe

Which of the following is true?
i.   The supply of a good is inelastic if when its price changes, the percentage change in the quantity supplied exceeds the percentage change in price.
ii.   Price elasticity of supply equals the percentage change in the quantity supplied divided by the percentage change in price.
iii.   If demand is price elastic, a rise in price leads to a decrease in total revenue.
A) only i
B) only ii
C) only iii
D) i and ii
E) ii and iii

Textbook

Essential Foundations of Economics

Edition: 7^th

Authors: Bade, Parkin

Read 98 times

2 Replies

Report

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

Smoooth

wrote...

Related Topics

Smoooth

wrote...

8 years ago

My pleasure Happy Dummy

Report

New Topic

Quick Reply

Explore

Post your homework questions and get free online help from our incredible volunteers

972 People Browsing

Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook

Live Chat

AJAX Chat © blueimp.net Integrated with SMF

Related Images

611

254

274

Your Opinion

Previous poll results: How often do you eat-out per week?

The Toxic Skin and Fungi Defense

Courses by Biology Forums

Strange Ingredients Lurking in Doritos Chips

It's sore throat season, why does my mucus have red spots?

Bonobos, Chimpanzees, and the 98% DNA Link

Ready to ask a question on Biology Forums? Try it out

Join Our Community

Biology Forums - Study Force is a free online homework help service catered towards college and high school students. Get homework help and answers to your toughest questions in biology, chemistry, physics, mathematics, engineering, accounting, business, humanities, and more. Master your assignments quickly with thousands of step-by-step solutions to countless textbook questions asked and answered by our members. If we don't have your question, don't worry. You can ask any homework question and get expert homework help in as little as two hours.

Our extensive online study community is made up of college and high school students, teachers, professors, parents and subject enthusiasts who contribute to our vast collection of study resources: textbook solutions, study guides, practice tests, practice problems, lecture notes, equation sheets and more. With our help, your homework will never be the same!

Join for free today

How is Biology Forums - Study Force different than tutoring?

Home Search Q & A Board Gallery Resource Library Blog Dictionary Chat	Quick Links Start a Topic Latest Topics Unanswered Questions Courses Study Tools Browse by Textbook	Social Facebook YouTube Community Stats Who's Online Trending Staff	Help About Us Take the Tour Study Tips Posting Guidelines Terms and Policies Contact Us
Biology Forums - Study Force © 2010-2024 \| Powered by SMF \| SMF © 2015, Simple Machines \| Sitemap Biology-Forums.com is not affiliated with any publisher. Book covers, title and author names appear for reference only.