Answer: False
Explanation:
The price elasticity of supply measures the change in quantity supplied when the price changes.
The basic trend is that when price increases, quantity supplied increases as well. The reverse is true.
Price elasticity of supply = %Change in quantity supplied / % change in price
0.5 = -6% / Change in price
0.5 * Change in price = -6%
Change in price = -6% / 0.5
= -12%
The statement above is therefore false because price should have reduced by 12% for quantity supplied to reduce by 6%
Answer: D. Discouraged Worker
Explanation:
a discouraged worker is a person of legal employment age who is not actively seeking employment or who has not found employment after long-term unemployment
Answer:
hey wasup how you doing no ok
Explanation:
About 40 jewls of power in the other direction
