Multiple Choice
When price rises from $1.50 to $2.50 a unit,the quantity supplied increases from 9,000 to 11,000 units.What is the elasticity of supply when the price is $2 a unit?
A) 0.4
B) 0.8
C) 2.5
D) 4.0
E) -0.4
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q54: A given percentage rise in the price
Q55: If an increase in the supply of
Q56: The demand for orange juice is price
Q57: For which one of the following will
Q58: A good has a price elasticity of
Q60: When the price of peanut butter rises
Q61: If the cross elasticity of demand between
Q62: Supply is elastic if<br>A)a small percentage change
Q63: Suppose a university decides to raise tuition
Q64: Suppose the quantity of gasoline is measured