Below is the hourly production function for Aunt Polly s Plum Company. B. wheat price supports C. a tax on imported oil D. rent control 25. The quantity of good A c. Both the price and the quantity of good A d. Incomes. Suppose the hourly rate charged at sawmills has fallen.
Sawmills are an input in the production of lumber.
There is not enough information to determine any elasticity. The elasticity of lumber demand is -2. E. The elasticity of lumber supply is 2. Use the following game for Question 32. Refer to the table above.