Amount of output supplied and price elasticity of supply

The amount of output supplied is exactly proportional to the price therefore the price elasticity of supply equivalents one into: (w) Panel A. (x) Panel B. (y) Panel C. (z) Panel D.

1062_Slope and Price Elasticity of Supply.png

Please choose the right answer from above...I want your suggestion for the same.

View Complete Question

Related Questions in Microeconomics

Q : Labor Contracts-Shop Agreements From

From the point of view of management, the favored union membership ranking (most favored to the least favored) would be: (i) Closed shop, union shop, agency shop and open shop. (ii) Open shop, agency shop, union shop and closed shop. (iii) Agency shop, open shop, clos

Q : Microeconomics-Economic factors 1)

1) Identify and explain the chief economic factors which determine the price of a good or service. Please include how demand and supply interact and elasticity, etc. Also give examples with graphs.

Q : Minimize losses of purely competitive

The wholesale price per dozen roses below that such purely competitive rose farm would minimize losses through closing their operation is: (1) $3.00 per dozen roses. (2) $3.83 per dozen roses. (3) $4.00 per dozen roses. (4) $4.30 per

Q : Experiencing Absolute Poverty When the

When the minimum amounts of food, clothing and shelter essential for survival absorb all of a family’s income, in that case the family is experiencing: (w) relative poverty. (x) economic shock. (y) financial destitution. (z) absolute poverty.

Q : Concentration ratio Explain the concept

Explain the concept of a concentration ratio. Is the concentration ratio in a monopolistically competitive industry likely to be higher than for a perfectly competitive industry

Q : Production and Value The People who

The People who work in financial markets are least probable to make value by being productive via alteration of the: (i) Time when the materials are accessible. (ii) Place of materials. (iii) Form of materials. (iv) Possession or ownership of the materials.

Q : Equivalent marginal revenue product

When a monopolist is maximizing its gain in the product market however consists of no monopsony power in labor market, and then it will: (1) Hire labor till marginal revenue product equivalents the average factor cost. (2) Pay a wage equivalent to the marginal revenue

Q : Practicing for predatory pricing A firm

A firm which practices predatory pricing as: (w) tends to incur short-run losses greater than its rival. (x) lowers its price to drive out its rival and then keeps the price low to discourage extra entry. (y) will sell similar amount of output as when

Q : Idea of low price elasticity of demand

Purposes for the very low price elasticity of demand for salt do not comprise the fact such that this: (w) has few good substitutes. (x) is currently relatively low priced. (y) absorbs only small percentages of most household budgets. (z) is sodium ch

Q : Determine points where is most price

Of all of the known ranges on given supply curves, the supply of tanks of dehydrated water is most price elasticity among: (i) point a and point b. (ii) point b and point c. (iii) point c and point d. (iv) point d and point e. (v) point e and point f.

Discover Q & A

Leading Solution Library

Avail More Than 1431949 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1932150
Asked

3,689

Active Tutors

1431949

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment