A 6 percent increase in the price of a good results in a 36 percent increase in the quantity supplied. In this case, the price elasticity of supply is ______.
a. –30
b. +6
c. +42
d. –216
b. +6
Economics
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If the marginal cost of an activity exceeds the marginal benefit, then
A) the activity will occur because the high marginal cost means it must be highly valued. B) the forgone alternatives' costs must be increased. C) an alternative action will be selected. D) the person must concentrate on the activity's total benefits.
Economics
Explain import substitution
What will be an ideal response?
Economics
The above figure shows a graph of the market for pizzas in a large town. No pizzas will be demanded unless price is less than
A) $0. B) $5. C) $12. D) $14.
Economics
Where did Robert Mugabe get the money he needed for bribes and payoffs?
A. He raised income taxes. B. He printed it. C. He raised estate taxes. D. He raised taxes on corporate profits.
Economics