Goods that are abundant in supply usually have low
If an increase in the price of crude oil led to an increase in the prices of kerosene and grease, then kerosene and grease are in
If an increase in the supply of beef increased the supply of hides, then beef and hides are in
An increase in supply means that
A seller increased the quantity he offered for sale from 200 units to 250 units when the price of his product increased by 12.5%. What is the price elasticity of the supply of his product?
