Solved

If the Price Doubles and the Quantity Supplied Also Doubles

Question 94

Multiple Choice

If the price doubles and the quantity supplied also doubles, the price elasticity of supply for the good is

A) 2.
B) 1.
C) -2.
D) -1.
E) 100 per cent.

Related Questions

Q89: If a 1 per cent increase in

Q90: If the demand for a good is

Q91: If a good is a necessity, it

Q92: If a 2 per cent rise in

Q93: Of the following, which good has the

Q95: If the price of one good increases

Q96: If a product is narrowly defined, it

Q97: Krispy Kreme raises the price of its

Q98: At the midpoint of a linear, downward-sloping

Q99: KFC raises the price of its chicken