--%>
Assignment Help - homework help

Elasticity of supply when price hike rises

When a $5 price hike raises the number of tanks of dehydrated water supplied in this market from point e to point f, the elasticity of supply: (i) 2.333. (ii) 2.000. (iii) 1.667. (iv) 1.333. (v) 0.600.

How can I solve my Economics problem? Please suggest me the correct answer.

   Related Questions in Microeconomics

  • Q : Equilibrium price in the short run The

    The equilibrium price for Christmas trees in the short run is: (w) P1. (x) P2. (y) P3. (z) P4.

    Q : Goods trading problem Choose the right

    Choose the right answer from following. In recent years the United States has: A) exported more services abroad than it has imported. B) had a small goods trade surplus with Japan. C) had a large goods trade surplus with the rest of the world. D) fallen to third behin

    		•
  • Q : Labor Contracts of Check-off Provisions

    When a collective bargaining contract comprises a ‘check-off provision’: (1) Union workers can be fired when they don’t meet the production quotas. (2) Firms gather the union dues through deducting them from the paychecks. (3) Workers are needed to d

    		•
  • Q : Economies of Scale problem Can someone

    Can someone please help me in finding out the accurate answer from the following question. When average production costs reduce as the total production of a firm rises, the firm is experiencing: (i) Economies of the scale. (ii) Economies of scope. (iii) Diseconomies o

    		•
  • Q : Present value of winnings by free

    You win the Idaho state lottery as well as are entitled to two tax-free payments of $500,000 every. You get the first payment today and the next payment in precisely one year. Suppose the interest rate is a generally high 25 percent.

    		•
  • Q : Ex-ante investment Ex-ante investment :

    Ex-ante investment: This is planned or desired investment throughout a specific period.

    		•
  • Q : Perfectly price elastic for horizontal

    Firms along with output having many perfect substitutes for potential buyers confront as: (w) perfectly price elastic for horizontal demand curves. (x) predatory pricing through more monopolistic firms. (y) price elasticity coefficients of zero. (z) s

    		•
  • Q : Derived Demand Can someone help me in

    Can someone help me in finding out the right answer from the given options. Demands for the productive resources are eventually ‘derived’ from the: (i) marginal utility they directly produce. (ii) Demands for the consumer services and goods. (iii) Disutili

    		•
  • Q : Illustrations of transfer programs

    Illustrations of transfer programs do not comprises: (w) welfare payments. (x) food stamps. (y) aid for dependent children (AFDC). (z) corporate income taxes. Hello guys I want your advice. Please recommend some vi

    		•
  • Q : College loan-Rational Ignorance Assume

    Assume that a student takes out a college loan which needs 12% annual interest, however later learns that his aunt makes loans to the family members at 5% interest. The student has suffered from the problem termed as: (1) Rational ignorance. (2) Blind indifference. (3

    		•