Determine most price elastic in curve

The part of this supply curve for 2×4s which is most price elastic is in between: (i) point a and point b. (ii) point b and point c. (iii) point c and point d. (iv) point d and point e. (v) point e and point f.

385_Price Elasticity of Supply2.png

I need a good answer on the topic of Economics problems. Please give me your suggestion for the same by using above options.

View Complete Question

Related Questions in Microeconomics

Q : Elasticity of demand changes with price

Calculating the price elasticity of demand for DVD games for a price variation from $50 to zero in such demand curve is: (w) 0. (x) infinity. (y) mostly meaningless since elasticity changes continuously over such range. (z) 1.5.

Q : Demand curve in the short run market

For Christmas tree in this market, Curve H is this: (w) industry’s long-run supply curve. (x) firm’s demand curve in the short run. (y) industry’s marginal cost curve. (z) firm’s long run marginal cost curve.

Q : Interest rate in Determinants of Demand

The demand curves for most of the nondurable consumer goods would be least influenced by modifications in: (i) Interest rates. (ii) House-hold income. (iii) Prices for related goods. (iv) Tastes and preferences. Ca

Q : Total economic of profit or loss on

When the wholesale price P = $7 per bushel of peaches, it purely competitive peach orchard maximizes profit via producing ___ bushels of peaches at a total economic of profit or loss totaling $___. (i) zero; loss; -$4,000. (ii) 2000;

Q : Problem on utilitarian philosophy Can

Can someone help me in finding out the right answer from the given options. The utilitarian philosophy didn’t depend on the supposition that: (i) The greatest good for greatest number is the finest social goal. (ii) Individual utilities can be summed up to measu

Q : Marginal revenue when market price

When the market price of a good is $50 and a purely competitive firm raises its output from 20 units, marginal revenue of it is: (w) $50. (x) $1000. (y) $2.50. (z) $0.40. I need a good answer on th

Q : Making error of omission Numerous big

Numerous big publishing companies refused to publish a horror novel since the author was nameless. The author ultimately found a small publishing house to publish his book. The book sold millions of copies and produced hundreds of thousands of dollars in total revenue

Discover Q & A

Leading Solution Library

Avail More Than 1427875 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1933689
Asked

3,689

Active Tutors

1427875

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment