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The Following Graph Shows the Supply Curve of a Product

Question 31

Multiple Choice

The following graph shows the supply curve of a product.What is the arc price elasticity of supply of this product when its price changes from $12 to $8?
The following graph shows the supply curve of a product.What is the arc price elasticity of supply of this product when its price changes from $12 to $8? A) 1 B) 1.25 C) 0.50 D) 0.75


A) 1
B) 1.25
C) 0.50
D) 0.75

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