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Chapter 19: Q.2 - Critical Thinking Questions (page 431)

Is the students' supply of learning tasks relatively elastic or inelastic? Explain.

Short Answer

Expert verified

the students' supply of learning tasks relatively elastic

Step by step solution

01

Given Information

Price elasticity of supply alludes to a level of responsiveness of supply of a ware concerning change in the value of such item.

02

Explanation

This is on the grounds that Fryer has done an examination which demonstrated the way that paying financial prizes can lead understudies to perform more specific undertakings than performing learning.

It was seen that Fryer has observed value flexibility of supply equivalent to 0.87 . It implies an increment in motivation instalment for specific errands incites understudies to perform8.7% a greater amount of instructive assignments.

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