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price elasticity of supply

Food stamps programs serve only to drive food prices higher, not increase the quantity of food available to the poor.� What would the elasticity of supply have to be for this statement to be true? What would the elasticity of supply have to be for a food stamp program to increase the availability of food to the poor with no prices increase?

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Recall that price elasticity of supply is bounded by 0 and positive infinity, with 0 being perfectly inelastic and infinity being perfectly elastic. A perfectly inelastic supply curve is vertical and would satisfy the ...

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This solution clearly assesses price elasticity of supply.

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