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#cfa #economics #has-images
Question
Elasticity of supply is equal to [...] when it is perfectly elastic; any decrease in price will lead to the quantity supplied falling to zero.
Answer
infinity
Tags
#cfa #economics #has-images
Question
Elasticity of supply is equal to [...] when it is perfectly elastic; any decrease in price will lead to the quantity supplied falling to zero.
Answer
?
Tags
#cfa #economics #has-images
Question
Elasticity of supply is equal to [...] when it is perfectly elastic; any decrease in price will lead to the quantity supplied falling to zero.
Answer
infinity
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Elasticity of supply is equal to infinity when it is perfectly elastic; any decrease in price will lead to the quantity supplied falling to zero.
ntage change in price will lead to an equal percentage change in the quantity supplied. A perfectly inelastic supply curve, with a value of zero, means that the quantity supplied doesn’t change irrespective of the level of demand. <span>Elasticity of supply is equal to infinity when it is perfectly elastic; any decrease in price will lead to the quantity supplied falling to zero. Sponsored Links Pages Economics Economics AS Unit 1 The economic problem Needs and wants The economic problem Scarcity Opportunity cost Economic resources (factors
Parent (intermediate) annotation
Open itElasticity of supply is equal to infinity when it is perfectly elastic; any decrease in price will lead to the quantity supplied falling to zero.
Original toplevel document
Elasticity of Supply - Revisionguruntage change in price will lead to an equal percentage change in the quantity supplied. A perfectly inelastic supply curve, with a value of zero, means that the quantity supplied doesn’t change irrespective of the level of demand. <span>Elasticity of supply is equal to infinity when it is perfectly elastic; any decrease in price will lead to the quantity supplied falling to zero. Sponsored Links Pages Economics Economics AS Unit 1 The economic problem Needs and wants The economic problem Scarcity Opportunity cost Economic resources (factors
Summary
| status | not learned | measured difficulty | 37% [default] | last interval [days] | |||
|---|---|---|---|---|---|---|---|
| repetition number in this series | 0 | memorised on | scheduled repetition | ||||
| scheduled repetition interval | last repetition or drill |
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