If the price elasticity of supply of doodads equals 0.50 and the price rises by 3 percent, then the quantity supplied of doodads will rise by ____

a. 0.50 percent.
b. 1.50 percent.
c. 6.00 percent.
d. 15 percent.


b

Economics

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Indicate whether the statement is true or false

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a. may be an organized exchange. b. refers to a set of sellers and buyers whose actions affect a commodity's price. c. is that area in which buyers and sellers compete to affect a product price. d. All of the above are correct.

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Feature(s) of the Asian model

a. high rate of capital formation b. open economy c. export orientation d. high domestic saving e. all of the above

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