Suppose the price elasticity of supply for minivans is 0.3 in the short run and 1.2 in the long run. If an increase in the demand for minivans causes the price of minivans to increase by 5%, then the quantity supplied of minivans will increase by about
A、1.5% in the short run and 6% in the long run.
B、6% in the short run and 1.5% in the long run.
C、16.7% in the short run and 4.2% in the long run.
D、4.2% in the short run and 16.7% in the long run.
A、1.5% in the short run and 6% in the long run.
B、6% in the short run and 1.5% in the long run.
C、16.7% in the short run and 4.2% in the long run.
D、4.2% in the short run and 16.7% in the long run.
微观经济学（全英）
章节列表
1. General Overview of Economics282. Principles of Economics353. Circular-Flow Diagram and PPF204. Interdependence and Trade205. Demand and Supply756. Elasticity717. Price Control and Taxation408. CS, PS and the Efficiency of Markets109. Costs of Taxation2510. International Trade3011. Externalities3112. Public Goods and Common Resources2013. The Costs of Production20