If the price elasticity of supply for a window manufacturer is 1.5,
a. a 10% increase in the price of windows results in a 15% increase in the quantity of windows supplied.
b. supply is considered to be inelastic.
c. the manufacturer is likely operating very near capacity.
d. All of the above are correct.
a
Economics
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If Jack is a utility maximizer, shouldn't a fall in the price of popcorn cause an increase in his marginal utility of popcorn?
What will be an ideal response?
Economics
If a company's market cap is $5,000,000 and the value of all stocks in the index is $100,000,000 . then that company has a weight of _____ of the index
a. 1 percent b. 20 percent c. 5 percent d. 0.5 percent e. 2 percent
Economics