________: 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