Multiple Choice
Seamus sells 100 party hats when the price of party hats is $10 and sells 120 party hats when the price of party hats is $15. Seamus's price elasticity of supply is:
A) perfectly elastic.
B) equal to 0.455.
C) equal to 2.2.
D) perfectly inelastic.
Correct Answer:
Verified
Correct Answer:
Verified
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