--%>
Assignment Help - homework help

Explain about most price elasticity supply

Which of the given recommend that supply is most price elastic: (1) a pay hike from $400 to $800 monthly raises military enlistees from 12,000 to 28,000 monthly. (2) A 20% increase in goat milk production follows a 40% increase in the price of cow milk. (3) Per bushel wheat prices decrease from $8 to $5; and production drops from 460 to 340 million tons. (4) Income rises from $2,500 to $3,500 and auto sales rise from 6 to 18 million per annum. (5) Custom SUV sales in Patagonia climb from 1,800 to 2,400 yearly when prices increase from $6 to $9 each.

Please choose the right answer from above...I want your suggestion for the same.

   Related Questions in Microeconomics

  • Q : Transfer payment by excesses income A

    A person’s wage income into excess of which that would be received by accepting the next best optional use of his or her talents is: (1) an economic rent. (2) a transfer payment. (3) an interest premium. (4) a salary bonus. (5) nominal wages.

    		•
  • Q : Problem on Resource Costs Can someone

    Can someone help me in finding out the precise answer from the given options. A raise in the cost of resource inputs would lead to the: (1) Shift of the supply curve to right. (2) Shift of the supply curve to left. (3) Movement upward all along the su

    		•
  • Q : Quantity demands equivalent quantity

    These supply and demand curves for sugar propose that the: (1) demand price exceeds the supply price at quantity Q2. (2) technology should advance to allow output to develop to Q4. (3) quantity demanded equals quantity supplied at P1.

    		•
  • Q : High economic profits High economic

    High economic profits for firms are least probable to arise by: (1) important market power. (2) “cut-throat” competitive pricing policies. (3) superior products. (4) unusually efficient managers. (5) price-maker behavior.

    Q : Marginal revenue with price discriminate

    For any firm along with some degree of market power but that cannot price discriminate, the price is: (w) constant along the demand curve. (x) identical with marginal revenue. (y) greater than marginal revenue. (z) less than marginal revenue.

  • Q : Problem on Hicks model of collective

    The model of collective bargaining designed by the John Hicks graphically resolves for the level of: (i) Wage rate and length of strike. (ii) Fringe advantages and safety cases on the job. (iii) Wage rates and union dues. (iv) Union control over the w

    		•
  • Q : Where is the price elasticity of supply

    The price elasticity of supply as in below demonstrated figure is unitary within: (w) Panel A. (x) Panel B. (y) Panel C. (z) Panel D.

    Q : Isoquants and isocost lines By using

    By using isoquants and isocost lines, illustrates graphically that rise in y will result in a decline in the quantity demanded of x1 and also illustrates that rise in the price of x1 will result in a reduction in the quantity demanded of x1<

    		•
  • Q : Screening-derived demand Can someone

    Can someone please help me in finding out the accurate answer from the following question. Boris, who functions a local landscaping company, needs each of the potential employee to lift a 200 pound tree before being hired full-time. This need is an illustration of: (1

    		•
  • Q : Problem on physical export Select the

    Select the right answer of the question. The physical export of motorcycles from the United States to Mexico best illustrates a: A) trade flow. B) resource flow. C) financial flow. D) technology flow.

    		•