Price responsiveness of supply, Microeconomics

On Valentine's Day, the price of roses increases by more than the price of greeting cards.  Why? (Hint: Consider what makes roses and cards different and how that difference might affect supply's responsiveness to price.)

Posted Date: 3/13/2013 7:13:13 AM | Location : United States







Related Discussions:- Price responsiveness of supply, Assignment Help, Ask Question on Price responsiveness of supply, Get Answer, Expert's Help, Price responsiveness of supply Discussions

Write discussion on Price responsiveness of supply
Your posts are moderated
Related Questions
use a graphical illustration to describe briefly what the influence of each of the following would be on the market supply of labour on an increase in immigration..

explain main features of short run engineering cost theory


Due Diligence The investigative procedure an investor should conduct into the operations and business strategy assumptions of an organization soliciting investors.

It is necessary for the proper understanding of the price theory to know the various concepts of cost that are often employed. When an entrepreneur undertakes production of a commo

study on internet will impact on gdp

Consider an infinitely repeated prisoner's dilemma game by two players. The resultant payoffs at each stage by the actions of two players are given below in the table (payoffs are

Why does a monopoly have no supply curve?  A supply curve is a curve that shows the quantity supplied at dissimilar prices, as a monopoly sets the price and the quantity togeth

Advantages of Division of labour: Division of labour has advantages including the following: Development of Greater Skill by the Worker In division of labour, each

Policy Orientation for Private Sector Investment The policy perspective in the matter of funding is undergoing a steady transformation aimed at according an increasing role to