Question

A. Suppose the price elasticity of the supply of ventilators is 0.1 and there is a...

A. Suppose the price elasticity of the supply of ventilators is 0.1 and there is a 20% increase in price. What is the supply response?

2% increase. 2% decrease. 20% increase. 20% decrease.

B. Why did the US impose VERs on Japan in the 1980s?

To save the US auto industry. To save the US steel industry. To save the US farm industry. To save the US jet airplane industry.

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