Percentage changes in quantity supplied

The price elasticity of supply can be very approximately computed as the percentage change within: (w) responsiveness of price to variations within the quantity supplied. (x) quantity divided through the intercept coefficient of the supply curve. (y) percentage change in quantity supplied divided with the specified small percentage change in price which caused this. (z) decline in quantity supplied yielded by a specified percentage rise into price.

Hey friends please give your opinion for the problem of Economics that is given above.

View Complete Question

Related Questions in Microeconomics

Q : Engel curve and the income effect I

I can't get the answer of this question of Engel curve. Help me in determining answer of this question. Describe relationship between the Engel curve and the income effect?

Q : Perpetuities with fixed amount of money

A security which promises to pay a fixed amount of money annually till the issuer purchases this from an owner is termed as a: (i) present value. (ii) future value. (iii) perpetuity. (iv) residual. (v) trust fund.

Q : Goods trading problem Choose the right

Choose the right answer from following. In recent years the United States has: A) exported more services abroad than it has imported. B) had a small goods trade surplus with Japan. C) had a large goods trade surplus with the rest of the world. D) fallen to third behin

Q : Marginal Rate of transformation Define?

Define? Marginal Rate of transformation?? Describe with the help of an illustration.

Q : Influence on the total cost of plans of

For a negative income tax the break-even level of income plan (NIT) is: (1) negatively related to the plan’s basic income floor. (2) positively related to the negative income tax rate. (3) a main influence on the total cost of t

Q : Maximizes total revenue by a monopolist

A monopolist maximizes total revenue through producing where is: (w) marginal revenue = marginal cost [MR = MC]. (x) marginal revenue = 0. (y) demand is elastic. (z) demand is inelastic. How can I solve my

Q : Economic profit in the short run by

This illustrated graph is most consistent along with the environment confronted through a: (w) purely competitive firm which makes economic profit within the short run. (b) monopolistically-competitive firm into long run equilibrium. (c) firm along with oligopoly powe

Q : Majority of surviving below the poverty

In the United States, a mainstream of those living below “the poverty line”: (1) have televisions, automobiles, main appliances, and other amenities possessed only by the wealthy [when anyone] in earlier times and nowadays, only by the wea

Q : Horizontal summation of individual

The market demand curves for most of the goods are as: (i) Cross-multiplied products of the individual demand curves. (ii) Insignificant for most of the analytical aims. (iii) The horizontal summation of the individual demand curves. (iv) Irrelevant for business decis

Q : Determine price and quantity when

When the demand and supply for a good both raise, price: (w) and quantity both rise. (x) and quantity both fall. (y) falls but quantity increases. (z) changes need more information, when quantity rises.

Discover Q & A

Leading Solution Library

Avail More Than 1434879 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1925126
Asked

3,689

Active Tutors

1434879

Questions
Answered

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

Submit Assignment