The table below indicates th,0q:7wqd64mz evy /sou l imu2e supply schedule for oranges

Price(US$/dozen)	Quantity supplied (dozens)
6	20
7	28

Calculate the price elasticity of supply (PES) when the price of a dozen oranges increases from US$\$$6 to US$\$$7?

  Identify which of the following is a determinant of price elasticity of supply /ksgl*r )f5izs +mru )(PES).ulrmfsk) *gri5z s/ +)

  Assume the price elasticity of demand (PED) for a home cleaning servik dde+ t/ejn7l 1x9y vsp.o p:,5kxi*xce changes from 1.81.8 to 1.21.2. Which of the+9 : *spvj y7tpd.x1/elkx nkd,e5xio following statements explain this change?
I. a competing firm increased its operating hours
II. a competing firm begins focusing on office cleaning
III. incomes of potential customers increase

  
What market that is most likely pictured in the diagram above?

  In the market for a gov b-- -x fu(f.jxyuvgi52ue)cod, assume the income of consumers increases by 10% and quantity demanded of the good increases by 5%. Calculate the income elasticit(u y)bj fui.2- u-v fvcx5gxe-y of demand (YED), and state the type of good it is.

  Identify which of the following pi7p9apm 7c*kr0q nqy-ru,u+ are valid reasons why the price elasticity of supply (PES) 9+ki0cm r,*yqpp- aup u7rq7nfor primary commodities is generally lower than the PES for manufactured products.

  

Rrice	Quantity demanded
US$20	100
US$21	97

Calculate the price elasticity of demand for the product in the table above when the price increases from US $\$$20 to US $\$$21.

  In the hypothetical country of Smokeland,:(ue.bi ws/lqtruj 74tj *-if the government implements high indirect taxes on cigarettes to deter:.u4 siw*/fb7-eql(ij tjrut consumption. Strict regulations on advertising and promotion, coupled with public health programs funded by tax revenues, lead to reduced smoking rates and improved public health outcomes.
Which of the following is not a possible outcome of these forms of government intervention?

  The price of a producl lu,(zs*m slff b.kx*sw230vs 4 0zxht falls from $\$$30 to $\$$25, and as a result, quantity supplied decreases from 250 000 to 200 000. Calculate the PES and determine whether supply is price-elastic or price-inelastic.

  For a straight-line demange tj*93o9 bdi.x ghi.d curve, which of the following will occur when the pri.jd.th3 9*iebo9xig gce is lowered?

  
Which point on the Engel curve above identifies the situation where blankets are a luxury good?

  For a 5% decrease in the price of a good, assujpppbia e :192me the price elasticity of demand (PED) is −1.95. Which group of outcomes below correctly determines the impact of the change in price of the goodj a12bi pp:pe9?

  

	Gizmos	Whats its	Widgets
Firm A weekly production	80	70	50
Income elasticity of demand(YED)	1.2	0.6	-0.4

Assume consumers' incomes fall, and the chief operating officer of Firm A recommends reallocating production inputs to reflect changes in demand. Which of the following recommended reallocations would lead to the greatest increase in sales for Firm A?

  Oil has price inelastic supply becauseckp/ hanz ;;6ax4waw 2b6hfu/
I. It has limited substitutes
II. It takes time to adjust production inputs
III. Production involves a high cost
IV. It is a necessity

  Consumer electronics have p8( cwochk31* iyws za76tas8 vrice elastic supply because
I. They are durable and can be stored
II. They do not take a long time to produce
III. They have a lot of substitutes
IV. They are luxuries

  
Which of the following statements correctly compares the supply curves above?

  Assume that the price ela+yqiw9wt w us+g9qa2 f s;*ra*sticity of supply is 3 when the price of a product increasfri*2w9y9 aq;awt+*swgsu +qes from $\$$40 to $\$$42.
If the change in quantity supplied is 270, how many units of the product will suppliers produce at the current price?