The elasticity of supply of roses is 1.8. in the market for roses,
a. the supply of roses wi...
Business, 15.10.2019 21:00 haileymaree
The elasticity of supply of roses is 1.8. in the market for roses,
a. the supply of roses will double if the price rises by 36 percent
b. the price will rise by 18 percent if rose growers increase the quantity supplied by 10 percent
c. if the price doubles, rose growers will increase the supply of roses by 36 percent
d. a 10 percent increase in the price increases the quantity of roses supplied by 18 percent
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