If a fisher must sell all of his daily catch before it spoils for whatever price he is offered once the fish are caught the fisherman’s price elasticity of supply for fresh fish is ?

Related Mcqs:

If a small percentage increase in the price of a good greatly reduces the quantity demanded for that good, the demand for that good is ?

A. income inelastic B. price inelastic C. price elastic D. unit price elastic...

in general a flatter demand curve is more likely to be ?

A. price elastic B. none of these answers C. unit price elastic D. price inelastic...

The demand for which of the following is likely to be the most price inelastic ?

A. transportation B. taxi rides C. bus tickets D. airline tickets...

Technological improvements in agriculture that shift the supply of agricultural commodities to the right tend to ?

A. increase total revenue to farmers as a whole because the demand for food is elastic B. increase total revenue to farmers as whole because the demand for food is inelastic C. reduce total revenue to farmers as a whole because the demand for food is elastic D. reduce total revenue to farmers as a … Technological improvements in agriculture that shift the supply of agricultural commodities to the right tend to ?Read More...

If there is excess capacity in a production facility it is likely that the firm’s supply curve is ?

A. price inelastic B. none of these C. unit price elastic D. price elastic...