NSERT DESIGN TRANSTIONS ANMATIONS SIDE SHOW RIVEW VIRW 2. If the price of Rice increases by 10%, and the supply increases by 20%. What is the PES? Comment on your answer 3. If the price of Oranges falls 12% and the quantity supplied falls 2%. What is the PES? Comment on your answer

NSERT DESIGN TRANSTIONS ANMATIONS SIDE SHOW RIVEW VIRW 2. If the price of Rice increases by 10%, and the supply increases by 20%. What is the PES? Comment on your answer 3. If the price of Oranges falls 12% and the quantity supplied falls 2%. What is the PES? Comment on your answer

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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2. If the price of Rice inereases by 10%, and the supply increases by
20%. What is the PES? Comment on your answer
3. If the price of Oranges falls 12% and the quantity supplied falls 2%.
What is the PES? Comment on your answer
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