The Price Elasticity of Supply for Toys Is 0

Multiple Choice

The price elasticity of supply for toys is 0.36, so that a 1 percent increase in price would generate a

A) 0.36 percent increase in quantity supplied
B) 3.60 percent increase in quantity supplied
C) 0.36 percent decrease in quantity supplied
D) 3.60 percent decrease in quantity supplied
E) 1.36 percent increase in quantity supplied