Perfectly elastic supply problem
When will a rise in demand entail an increase in the quantity demanded however no change in the price?
Expert
In case of perfectly elastic supply, the increase in demand causes no change in price however it will lead to a rise in quantity.
Graduate Level Problem Set. First question is in relation to the article the Population Problem: Theory and Evidence by Partha Dasgupta.
Probable reasons for this shift of demand curve from D0 to D1 would not comprise: (1) lowering the lowest age for a driver’s license. (2) Reduces in the prices of ski boats. (3) Raised prices for airline tickets. (4) Decrease in the relative price of gasoline. (
Question: (a) Explain the impact of external costs and external benefits on resource allocation; (b)  
In between point c and d in this supply curve of 2×4s, the price elastic of supply as: (i) 1.0. (ii) 1.6. (iii) 2.2. (iv) 2.8. (v) 3.4. Q : Public utilities in natural monopoly Public utilities are generally: (1) regulated natural monopolies. (2) competitive non-profit corporations. (3) consequences of diseconomies of scale in production. (4) only subject to laissez-faire regulation. (5) operated by the federal government.
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Line T1 depicts in given graph as in below a tax system which is: (i) progressive. (ii) recessive. (iii) proportional. (iv) biased. (v) regressive. Q : Needs by marginal revenue equals to A monopolist produces where marginal revenue [MR] equals marginal costs [MC] when it needs to maximize: (i) total revenue. (ii) consumer surplus. (iii) profits. (iv) total revenue, producer surplus and profits. (v) job security.
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When the wholesale price per dozen roses is $4.50, the breakeven point for Rose Garden Wholesalers happens at an output level of about: (i) 2000 dozen roses. (ii) 2500 dozen roses. (iii) 3000 dozen roses. (iv) 3500 dozen roses. (v) 40
Which of the given below conditions is most evidently classifiable as the adverse selection? (i) The company manufactures a miracle weight loss solution guarantee enduring weight loss, however in realism the solution only rids surplus water weight for
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