The conclusion that can be drawn about the number of books supplied for $16 when an important production input of books increases is that the <u>quantity supplied</u><u> is reduced</u>.
<h3>How do production costs affect supply?</h3>
When production costs (input) increase, the quantity supplied at a given price decreases.
Conversely, a decrease in production costs increases the quantity supplied.
Thus, the conclusion that can be drawn about the number of books supplied for $16 when an important production input of books increases is that the <u>quantity supplied</u><u> is reduced</u>.
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Answer:
i am sorry i do not know because i am having trouble with the same problem
Explanation:
Answer:
The <u>financial </u>account summarizes international asset transactions having to do with the international purchases and sales of real assets
D would be the correct answer
Answer:
The correct answer is C,2.33
Explanation:
The midpoint formula for elasticity of demand is given as :
percentage change in quantity demand/percentage in price
percentage change in quantity demanded is Q2-Q1/(Q2+Q1)/2*100
percentage change in price is P2-P1/(P2+P1)/2*100
P1=$6.5
P2=$5.75
Q1=600
Q2=800
percentage change quantity demanded =(800-600)/(800+600)/2*100
percentage change quantity demanded=28.57142857
Percentage change in price=(5.75-6.5/(5.75+6.5)/2)*100
percentage change in price=12.24489796
midpoint elasticity of demand=
28.57142857
/2.24489796
=2.33