The price elasticity of supply when the supply curve is Q = 5 is

A) 5.
B) perfectly inelastic.
C) perfectly elastic.
D) Cannot be calculated from the information provided.

B

Economics

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An increase in the money supply will affect aggregate demand

A) only if the increase in the money supply causes interest rates to rise. B) only if the increase in the money supply causes people to buy less goods and services. C) only if the increase in the money supply causes people to increase their saving. D) if the increase in the money supply causes interest rates to fall and/or causes people to buy more goods and services.

Economics

Vertical equity refers to the notion that individuals at all levels should be taxed equally

a. True b. False Indicate whether the statement is true or false

Economics