Statements regarding price elasticity of supply

Assignment Help Financial Accounting

Reference no: EM131235850

Which of the following statements regarding price elasticity of supply and the length of time for adjustment is FALSE?

a. The longer is the time period for adjustment, the greater is the price elasticity of supply.

b. The longer is the time period for adjustment, the less is the extent to which resources flow into (or out of) an industry through expansion (or contraction) of existing firms.

c. The longer is the time period for adjustment, the greater is the extent to which entry or (exit) of firms increases or (decreases) production in an industry.

d. The shorter the time period for adjustment, the greater is the price elasticity of supply.

Reference no: EM131235850

Questions Cloud

Does your analysis change the way we read the novel : Consider the following question when developing your thesis: why should the reader of your paper care about the claims your making? Does your analysis change the way we read the novel

An investor is looking for arbitrage opportunities : What complications are created by the fact that the party with a short position can choose to deliver any bond with a maturity of over 15 years?

What is the present value of all your profits : Your business is expected to generate a $40.000 profit at the end of year 1 and profit will increase by 10% per year through year 10. if you can earn 5% annual interest compounded annually, what is the present value of all your profits over the next ..

What elements of the message are most persuasive then : In what ways do you think the Elaboration Likelihood Model applies to a recent ad that you have seen? If you are highly involved with a particular product, do you care about the expertise of who is delivering a message? Would you have the same att..

Statements regarding price elasticity of supply : Which of the following statements regarding price elasticity of supply and the length of time for adjustment is FALSE?

Describe the strategy you would use to test this system : The third component uses the address information to print forms for federal, state (or provincial), and city taxes., including the amount owed. Describe the strategy you would use to test this system, and outline your test cases in a test plan.

Repetitions of letters and digits are not allowed : Step 1 of 2: How many different account numbers are possible if repetitions of letters and digits are allowed? Step 2 of 2: How many different account numbers are possible if repetitions of letters and digits are not allowed?

What is the third quartile for the mileage : What is the third quartile for the mileage driven by this professor each week? Put only a number (to 2 decimal places) in the box, no symbols or letters. Show your calculations on the answer sheet.

Explain the barriers to effective communication : Explain the barriers to effective communication. Describe the different types of electronic communication available including the significant contributions of each to modern day organizations

User Account

All Pages