Answer Happy

Question 1 (1 point) From which of the following data might you estimate own price elasticity of supply? steel production and sales rise 18% when national income grows 13% a price hike from $7 to $13 causes sales to fall from 16,000 shirts to 8,000 shirts monthly Ford car production increases when Toyota sales fall because Nissan raises prices the output of tennis balls slumps 8% when the prices of racquets go up 12% farmers increase soybean plantings 15% when the price of soya increases 5%