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brownseal872Lv1
11 Dec 2019
The price elasticity of supply measures how
a. the response of a supply shift to changes in technology
b. how much supply changes when the prices of inputs change
c. the responsiveness of quantity supplied to changes in prices
d. the response of a supply shift to changes in technology and to changes in prices
The price elasticity of supply measures how
a. the response of a supply shift to changes in technology
b. how much supply changes when the prices of inputs change
c. the responsiveness of quantity supplied to changes in prices
d. the response of a supply shift to changes in technology and to changes in prices
Ronaldo MendozaLv10
8 Sep 2020
Related textbook solutions
Related questions
16. A decrease in demand will have what effect on equilibrium price and quantity?
A. Price will increase; quantity will decrease.
B. Price will decrease; quantity will increase.
C. Both price and quantity will increase.
D. Both price and quantity will decrease.
17.
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18.
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