The price elasticity of supply measures how responsive
a. equilibrium price is to equilibrium quantity.
b. sellers are to a change in buyers' income.
c. sellers are to a change in price.
d. consumers are to the number of substitutes.
c
Economics
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In a zero-sum game
a. all players receive a $0 payoff b. all players can simultaneously win c. the gains to the winners equal the losses of the losers d. none of the above
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Which of the following is an example of a trade restriction?
A) quotas B) tariffs C) dumping D) a and b E) a, b, and c
Economics