subject
Business, 11.03.2020 22:55 cabr379

Consider two markets: the market for motorcycles and the market for pancakes. The initial equilibrium for both markets is the same, the equilibrium price is
$
6.50
, and the equilibrium quantity is
27.0
. When the price is
$
10.75
, the quantity supplied of motorcycles is
61.0
and the quantity supplied of pancakes is
109.0
. For simplicity of analysis, the demand for both goods is the same.

Using the midpoint formula, calculate the elasticity of supply for pancakes. Please round to two decimal places.

Supply in the market for motorcycles is

There is not enough information to tell which has a higher elasticity.

less elastic than supply in the market for pancakes.

the same elasticity as supply in the market for pancakes.

more elastic than supply in the market for pancakes.

ansver
Answers: 2

Other questions on the subject: Business

image
Business, 22.06.2019 10:30, Uc34758
Issued to the joint planning and execution community (jpec) initiates the development of coas; it also requests that the supported ccdr submit a commander's estimate of the situation with a recommended coa to resolve the situation (joint force command and staff participation in the joint operation planning and execution system, page 10)
Answers: 2
image
Business, 22.06.2019 12:50, sunshine0613
Explain whether each of the following events increases or decreases the money supply. a. the fed buys bonds in open-market operations. b. the fed reduces the reserve requirement. c. the fed increases the interest rate it pays on reserves. d. citibank repays a loan it had previously taken from the fed. e. after a rash of pickpocketing, people decide to hold less currency. f. fearful of bank runs, bankers decide to hold more excess reserves. g. the fomc increases its target for the federal funds rate.
Answers: 3
image
Business, 22.06.2019 20:00, zay12350
Which motion below could be made so that the chair would be called on to enforce a violated rule?
Answers: 2
image
Business, 22.06.2019 20:30, BeverlyFarmer
Discuss ways that oracle could provide client customers with the ability to form better relationships with customers.
Answers: 3
You know the right answer?
Consider two markets: the market for motorcycles and the market for pancakes. The initial equilibriu...

Questions in other subjects:

Konu
Chemistry, 06.04.2020 16:09