what is the formula for elasticity of supply

mash up

Quiz
•
Business
•
3rd Grade
•
Medium

Dom Sheehan
Used 3+ times
FREE Resource
12 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
%change in quantity supplied by % change in ddemand
% change in quantity supplied divided by % change in income
%change in quantity supplied divided by % change in price
% change in price divided by % change in quantity supplied
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
what type of supply is less sensitive/ responsive to a change in price
inelastic
elastic
unit
fraction
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
if there was a delay in supply like a vegetable being out of season what type would it be
elastic
inelastic
unit
fraction
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
who wrote about a pin factory with regards to specialisation
Adam gough
Adam seems
Adam giles
Adam Smith
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
an airline might have to sacrifice having shorter queues in order to increase security is a ?
trade off
opportunity cost
decision
security issue
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
if everyone can enter a market freely with no exit or entry problems what type of market is it
competitive
monopoly
non competitive
anti competitive
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
what comes in between a perfectly competitive market and monopoly?
normal
unplanned
monopolistic
planned
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