Ceteris paribus, if a 20 percent increase in the price of shoes leads to a 10 percent increase in the quantity supplied of shoes, then the price elasticity of supply is equal to _____

a. 2
b. 20
c. 10
d. 0.5
e. 0.2

Economics

What is an isoquant?

What will be an ideal response?

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Economics

A tax on the wages paid to an employee is called the:

A. payroll tax. B. personal income tax. C. corporate income tax. D. excise tax.

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Economics