Business

Business, 30.07.2019 23:30, harleeGirl

The main determinant of elasticity of supply is the

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Business, 06.08.2019 21:30, butt1562

As with the own-wage elasticity of demand for labor, the elasticity of supply of labor can be similarly classified. the elasticity of supply of labor is elastic if elasticity is greater than 1. it is inelastic if the elasticity is less than 1, and it is unitary elastic if the elasticity of supply equals 1. for each of the following occupations, calculate the elasticity of supply, and state whether the supply of labor is elastic, inelastic, or unitary elastic. es and w are the original supply of workers and wage. e's and w' are the new supply of workers and wage. a. %δes = 7, %δw = 3 b. es = 120, w = $8 e's = 90, w' = $6 c. es = 100, w = $5 e's = 120, w' = $7

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Social Studies, 26.08.2019 00:20, taegibbby03

The measure of responsiveness relating a change in quantity demanded to a change in the price of an item is known as a. demand elasticity b. supply elasticity c. unit elasticity d. proportional elasticity

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Business, 18.09.2019 01:30, Vugly

For each of the following events, identify which of the determinants of demand or supply are affected. if demand is unaffected by this event because it creates only a supply change, select the "none" option under the "demand determinant" column. similarly, if supply is unaffected by this event because it creates only a demand change, select the "none" option under the "supply determinant" column. event demand determinant supply determinant people decide to have more children. a strike by steelworkers raises steel prices. engineers develop new automated machinery for the production of minivans. the price of sports utility vehicles rises. a stock-market crash lowers people's wealth.

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Business, 18.09.2019 02:30, jvanegas6797

The challenge solution says that a gas tax is roughly equally shared by consumers and firms in the long run. what can you say about the elasticities of supply and demand ? if the consumer incidence of a gas tax is roughly equal to the burden of the tax for firms in the long run, then a. the elasticities of supply and demand are roughly equally elastic. b. the elasticity of demand is almost zero and the elasticity of supply is almost infinite. c. the elasticity of demand is almost zero and the elasticity of supply is almost unitary. d. the elasticities of supply and demand are both almost zero. e. the elasticities of supply and demand are both positive.

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