Multiple Choice
An attorney supplies 40 hours of work per week when her fee is $100 per hour but supplies 60 hours of work per week when her fee rises to $120 per hour.Using the midpoint formula, her elasticity of supply is equal to:
A) 1.
B) 0.8.
C) 2.2.
D) 0.45.
Correct Answer:
Verified
Correct Answer:
Verified
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