AP Microeconomics Quiz
19 questions · no time limit
0:00
SUPPLY AND DEMAND
Question 1 of 19
No time limit
Current
Answered
Flagged
Not seen
A mining company has limited extraction equipment in the short run, but it can expand capacity over several years by investing in new machinery. Consider the short-run situation described. Using the supply data shown, is supply elastic, inelastic, or unit elastic between the two points (use the midpoint method)?
Point A: $P = $40 per ton, Qs=300 tons/week
Point B: $P = $50 per ton, Qs=330 tons/week
YOUR PROGRESS
19
QUESTIONS
Ready when you are
Answer in any order. Your progress shows here as you go.
QUESTIONS
KEYBOARD
Pick an answer ABCDE
Next question ↵→
Previous ←
Flag for review F
Answers save as you go · flagged questions come back at the end