A) increase by 4.2%.
B) increase by 6%.
C) decrease by 4.2%.
D) decrease by 6%.
F) None of the above
Correct Answer
verified
Correct Answer
verified
A) impossible,or nearly impossible,to measure.
B) not very responsive to price changes.
C) determined by the quantity demanded of the good.
D) determined by psychological forces and other non-economic forces.
F) None of the above
Correct Answer
verified
Correct Answer
verified
A) 0.86
B) 1.00
C) 1.17
D) 1.25
F) All of the above
Correct Answer
verified
Correct Answer
verified
A) a 10% increase in the price of windows results in a 15% increase in the quantity of windows supplied.
B) supply is considered to be inelastic.
C) the manufacturer is likely operating very near capacity.
D) All of the above are correct.
F) None of the above
Correct Answer
verified
Correct Answer
verified
A) zero,and the supply curve is horizontal.
B) zero,and the supply curve is vertical.
C) infinity,and the supply curve is horizontal.
D) infinity,and the supply curve is vertical.
F) A) and D)
Correct Answer
verified
Correct Answer
verified
A) very large changes in quantity supplied.
B) very small changes in quantity supplied.
C) no change in quantity supplied.
D) None of the above is correct.
F) B) and C)
Correct Answer
verified
Correct Answer
verified
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