1-Can you state 3 factors that influence the price elasticity of supply of a product?
2-Can you give the reason why a firm's demand curve under perfect competition is horizontal?
3-What is the relationship between the velocity of circulation of money and the rate of aggregate saving?
Too tough? I don't think so. Try this quiz if you can and you'll find it exciting. Economics is a smart science.
2006-07-11 09:22:54 · 3 answers · asked by M_A_saBet 2 in Education & Reference ➔ Home Schooling
my backups1,
1-
a) demand
b) availability
c) shelf life
2-they cut the pie chart incorrectly
3-the faster it goes, the quicker it returns - not to you - to others.
Happy economizing!
2006-07-11 09:31:33 · answer #1 · answered by vim 5 · 0⤊ 0⤋
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2016-10-14 09:01:23 · answer #2 · answered by Erika 4 · 0⤊ 0⤋
1. price, demand,
2. because supply always = demand in perfect competition
3. this one I'm clueless on.
2006-07-11 09:28:05 · answer #3 · answered by Anonymous · 0⤊ 0⤋