From which of the following data might you by Prof. Frank Levy @Harvard

Question 10 / 43: From which of the following data might you estimate a price elasticity of supply?

A a price hike from $7 to $13 causes sales to fall from 16,000 shirts to 8,000 shirts monthly.

B farmers increase soybean plantings 15 percent when the price increases 5 percent.

C Ford's production increases when Chevy sales fall because GM raises prices.

D the output of tennis balls slumps 8 percent when the prices of racquets go up 12 percent.

E steel production and sales rise 18 percent when national income grows 13 percent.

<< First < Previous Flashcard Next > Last >> Test Home Page

https://www.jobilize.com/microeconomics-practice-multiple-choice-questions-mcq-test-by-prof

Microeconomics Practice MCQ

Author:

Prof.Frank LevyLecturer

Harvard Medical School

USA

Access: Public Instant Grading

Attribution: Levy, Frank. 11.203 Microeconomics, Fall 2010. (MIT OpenCourseWare: Massachusetts Institute of Technology), http://ocw.mit.edu/courses/urban-studies-and-planning/11-203-microeconomics-fall-2010 (Accessed 13 Mar, 2014). License: Creative Commons BY-NC-SA

Ask

©flickr:	Morphology By Jugnu Khan Start Quiz
	Economy Foundations By Robert Murphy Start Test
	30 Biology 30 Plant Form and Physiology MCQ By OpenStax Start Quiz
	15 AP 15 Autonomic Nervous System Essay By OpenStax Start Flashcards
	Back Safety Quiz - "Back in Action" By David Martin Start Quiz
	7 Sociology 07 Deviance, Crime, Social Control MCQ By OpenStax Start Quiz
	16 Dr. Amberg Pharm quiz 2 By Brooke Delaney Start Exam
	NCE Ch 08 Appraisal By Anh Dao Start Quiz
	42 Biology 42 The Immune System MCQ By OpenStax Start Quiz
	2 BOD - Neuropathology By Brooke Delaney Start Exam

Copy and paste the following HTML code into your website or blog.