Multiple Choice
A rise in the price of apples from $3 to $4 per kilogram raises quantity supplied from 3 million to 5 million kilograms.Therefore the numerical value of the price elasticity of supply is:
A) 1.20
B) 2.00
C) 1.75
D) 0.57
E) 2.67
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q20: The price and quantity demanded of
Q21: The price elasticity of supply measures how:<br>A)easily
Q22: Assume that the price of product X
Q23: A rise in the price of butter
Q24: A perfectly elastic demand curve:<br>A)is impossible to
Q26: If a business can sell 20 000
Q27: The demand for such products as salt,bread,and
Q28: The elasticity of demand for a product
Q29: The price elasticity of demand indicates:<br>A)the extent
Q30: The price and quantity demanded of