Question

In ½ page, describe what a perfectly elastic supply curve means. That is what makes supply...

In ½ page, describe what a perfectly elastic supply curve means. That is what makes supply perfectly elastic?

Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Describe what a perfectly elastic supply curve means. That is what makes supply perfectly elastic?
Describe what a perfectly elastic supply curve means. That is what makes supply perfectly elastic?
Describe what a perfectly elastic demand curve means. That is, what makes demand perfectly elastic?
Describe what a perfectly elastic demand curve means. That is, what makes demand perfectly elastic?
What is perfectly elastic demand/supply? Draw a graph to represent perfectly elastic demand/supply. What is perfectly...
What is perfectly elastic demand/supply? Draw a graph to represent perfectly elastic demand/supply. What is perfectly inelastic demand/supply? Draw a graph to represent perfectly elastic demand/supply.
What is perfectly elastic demand/supply? Draw a graph to represent perfectly elastic demand/supply. What is perfectly...
What is perfectly elastic demand/supply? Draw a graph to represent perfectly elastic demand/supply. What is perfectly inelastic demand/supply? Draw a graph to represent perfectly elastic demand/supply. When the price of t-shirts increases by 12 percent, the quantity of t-shirts demanded falls by 20 percent. Calculate the price elasticity of demand. Is the demand for t-shirts elastic, inelastic, or unit elastic? When the price of t-shirts falls by 30 percent, the quantity of t-shirts supplied decreases by 20 percent. Calculate the...
Consider a market with a perfectly elastic demand curve at p∗ = 1,763 and a perfectly...
Consider a market with a perfectly elastic demand curve at p∗ = 1,763 and a perfectly inelastic supply curve at q∗ = 452. What is the Consumer Surplus? What is the Producer Surplus?
Consider a market with a perfectly elastic demand curve at p∗ = 1,763 and a perfectly...
Consider a market with a perfectly elastic demand curve at p∗ = 1,763 and a perfectly inelastic supply curve at q∗ = 452. What is the Consumer Surplus? What is the Producer Surplus? (15%)
a perfectly competitive indistry's short-run's supply curve is described as? A.horizontal B.perfectly elastic C.the upward-slopping portion...
a perfectly competitive indistry's short-run's supply curve is described as? A.horizontal B.perfectly elastic C.the upward-slopping portion of the largest firms's marginal cost curve D.the horizontal summation of the supply cirves for all individual firms E.perfectly inelastic
1) A perfectly competitive firm is said to face a perfectly elastic demand curve A. Explain...
1) A perfectly competitive firm is said to face a perfectly elastic demand curve A. Explain why the price elasticity is so high under perfect competition: B. What is the consequences of a perfectly elastic demand curve on the marginal revenue received by the individual perfect competitor? C. Based on your answers to b, state the profit optimizing rule (optimal Q) to as it applies to perfect competitors ONLY:
A perfectly elastic demand is one in which the: Multiple Choice demand curve is perfectly vertical....
A perfectly elastic demand is one in which the: Multiple Choice demand curve is perfectly vertical. response to a change in price is immediate. demand curve is perfectly horizontal. price elasticity is exactly -1.
Q4. WHAT HAPPENS TO THE DEMAND CURVE DURING A PERFECTLY "ELASTIC DEMAND" SITUATION? WHAT HAPPENS TO...
Q4. WHAT HAPPENS TO THE DEMAND CURVE DURING A PERFECTLY "ELASTIC DEMAND" SITUATION? WHAT HAPPENS TO THE DEMAND CURVE DURING A PERFECTLY "INELASTIC DEMAND" SITUATION? ANSWER BOTH THE QUESTIONS AND GIVE YOUR ANSWER IN 5 BULLET POINTS WITH COMPLETE EXPLANATIONS, DIAGRAMS (IF NECESSARY) AND EXAMPLES | EACH BULLET POINT CARRIES 1 MARK = 5 MARKS
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT