The price elasticity of gasoline supply in the U.S. is 0.4. If the price of gasoline rises by 8%, what is the expected change in the quantity of gasoline supplied in the U.S.?
A. +32.0%
B. +0.32%
C.-3.2%
D. +3.2%
D. +3.2%
Economics
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The four-firm concentration ratio equals the percentage of the value of ________ accounted for by the four ________ firms in the industry
A) sales; smallest B) profits; smallest C) sales; largest D) profits; largest
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What are the requirements to become a police officer? Do you believe they are reasonable?
What will be an ideal response?
Economics