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There are two goods A and B. In which of the following cases will good A have the more price elastic supply?

There are two goods A and B. In which of the following cases will good A have the more price elastic supply?

Principles of Economics 2e
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter5: Elasticity
Section: Chapter Questions
Problem 31CTQ: Economists define normal goods as having a positive income elasticity. We can divide normal goods...
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< = X Tagssta Question 30 A B minerva.bathspa.ac.uk C There are two goods A and B. In which of the following cases will good A have the more price elastic supply? D Exam □ 2 Points A higher proportion of national income is spent on A than on B The cost of producing extra units increases more rapidly in the case of A than in the case of B Consumers find it easier to find alternatives to A than to B If it is less costly to shift from producing A to another product than it is to shift from producing B to another product
Transcribed Image Text:< = X Tagssta Question 30 A B minerva.bathspa.ac.uk C There are two goods A and B. In which of the following cases will good A have the more price elastic supply? D Exam □ 2 Points A higher proportion of national income is spent on A than on B The cost of producing extra units increases more rapidly in the case of A than in the case of B Consumers find it easier to find alternatives to A than to B If it is less costly to shift from producing A to another product than it is to shift from producing B to another product
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= X Exam Content Page 43 of 51 Question 42 If a country has negative outward FDI, this means that: A) inward FDI exceeds outward FDI B с O D Exam sales of foreign assets in the country exceed sales of the country's assets abroad outward investment as a percentage of inward investment is falling (50) sales of existing investments abroad exceed new investments abroad 2 Points Last saved 14:17:29 K First < Previous Next >1 Last
Transcribed Image Text:= X Exam Content Page 43 of 51 Question 42 If a country has negative outward FDI, this means that: A) inward FDI exceeds outward FDI B с O D Exam sales of foreign assets in the country exceed sales of the country's assets abroad outward investment as a percentage of inward investment is falling (50) sales of existing investments abroad exceed new investments abroad 2 Points Last saved 14:17:29 K First < Previous Next >1 Last
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