________: percent change in quantity supplied with respect to a percent change in the price of the product

Fill in the blank(s) with correct word

Elasticity of supply

Economics

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A decrease in the money supply will immediately __________ the __________ interest rate, according to the "liquidity effect."

A) raise; natural B) raise; nominal C) lower; natural D) lower; nominal

Economics

Refer to the graphs. An increase in the economy's human capital would shift curve:



A.  AB to CD and curve Y to X.
B.  CD to AB and curve X to Y.
C.  X to Y while leaving curve AB in place.
D.  AB to CD and curve X to Y.

Economics