Economics

posted by .

Consider 2 markets for carpenters: the city of Portland and the United States. Draw 2 supply curves for the carpenters: one for the city of Portland and one for the US. In which market would you expect more elasticity supply of carpenters? If you can't draw the graphs describe their shape( steep, flat, upward sloping, downward sloping, etc)

In general, the smaller the market, the more likely the supply curve will be inelastic.

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. social studies

    what natural resources made portland a good location for a city?
  2. Economics

    How is elasticity of supply related to elasticity of demand?
  3. economics

    For each of the following possible events, indicate whether the demand or supply curve for dollars would shift, the direction of the shift, the determinant of the change, the inflow or outflow effect on the balance of payments (and …
  4. Economics

    For each of the following possible events, indicate whether the demand or supply curve for dollars would shift, the direction of the shift, the determinant of the change, the inflow or outflow effect on the balance of payments (and …
  5. Math

    Anthony is building a toolbox with length 2 feet width 1 foot and height 3 feet. What are the dimensions of Anthony's box in inches?
  6. Math

    Four carpenters each built an average of 42 chairs last week. If no chairs were left uncompleted, and if Peter, who built 50 chairs, built the greatest number of chairs ,what is the least number of chairs one of the carpenters could …
  7. Math

    You plan to go from Portland to Tucson. Let x be the distance in miles of any flight between Portland and Tucson. Can you write an inequality that represents the mileage of any route between Portland and Tucson?
  8. Social Studies

    HELP MS. SUE!!! 1. Nearly every village in mexico has a church and a market. The city's public square where the market is held is called a a. quatro b. plaza c. casa. d. squatter.** 2. To what country does Mexico export the most goods?
  9. History

    Can someone check my answers please? (They are at the bottom) 1. Nearly every village in Mecico has a church and a market. The city's public square where the market is held is called a A. Quatro B. Plaza C. Casa D. Squatter 2. To what
  10. math,algebra,geography

    The time required for completing 3 tasks:type-1 , type-2 ,type-3,by three carpenters is given in the table below.time specified in the table is for manufacturing single unit. all the carpenters start working simultaneously on one task …

More Similar Questions