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sir i am stuck for this question only need 11 and 12 S B Moodle HSUHK - Google - Time left 1:13:1 Flag question O

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sir i am stuck for this question

only need 11 and 12

image text in transcribed
S B Moodle HSUHK - Google - Time left 1:13:1 Flag question O c. increase, because the demand for and supply of housing are more elastic in the long run. O d. decrease, because the demand for and supply of housing are less elastic in the long run. Question 11 You are in charge of the local city-owned aquatic center. You need to increase the revenue generated by the aquatic center in order to meet expenses. The mayor advises you to increase the price of a day Not yet pass. The city manager recommends reducing the price of a day pass. You realize that answered Marked out of O a. both the mayor and the city manager think that demand is inelastic. 1.00 Flag question b. the mayor thinks demand is elastic, and the city manager thinks demand is inelastic. O c. both the mayor and the city manager think that demand is elastic. O d. the mayor thinks demand is inelastic, and the city manager thinks demand is elastic. Question 12 In the long run, when marginal cost is above average total cost, the average total cost curve exhibits Not yet answered a. diseconomies of scale. Marked out of 1.00 O b. efficient scale. Flag question O c constant returns to scale. O d. economies of scale. Question 13 Figure 7 Not yet Price answered Marked out of 1.00 Flag question Curve C / Curve D

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