The price elasticity of supply measures the responsiveness of quantity supplied to a change in ____________.
a. quantity demanded.
b. demand
c. price.
d. supply.
c. price.
Economics
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Suppose you withdraw $1,000 from your savings account and put it under your mattress. Briefly explain how this will affect M1 and M2
What will be an ideal response?
Economics
Which of the following is a government expenditure, but is not a government purchase?
A) The federal government pays out an unemployment insurance claim. B) The federal government buys a Humvee. C) The federal government pays the salary of an FBI agent. D) The Federal government pays to support research on AIDS.
Economics