true or flase question, would like to check my answers thanks! 1. Models are simplificatins that are used to observe the working of a system. 2. Government price suports on milk would increase the supply of affordable milk for U.S families. 3 elasticity of demand equals the ratio of the percentage change in the price  of good to the percentage change in the quanity demanded.

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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true or flase question, would like to check my answers thanks!

1. Models are simplificatins that are used to observe the working of a system.

2. Government price suports on milk would increase the supply of affordable milk for U.S families.

3 elasticity of demand equals the ratio of the percentage change in the price  of good to the percentage change in the quanity demanded.

 

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