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Table 57 -Refer to Table 5

Question 131

Multiple Choice

Table 5.7
 Restaurant Meals Quantity  supplied  Quantity  demanded  Price 100200$10150150$20\begin{array}{l}\quad\quad\quad\quad\quad\underline{\text { Restaurant Meals}}\\\begin{array} { c c c } \begin{array} { c } \text { Quantity } \\\text { supplied }\end{array} & \begin{array} { c } \text { Quantity } \\\text { demanded }\end{array} & \text { Price } \\\hline 100 & 200 & \$ 10 \\150 & 150 & \$ 20\end{array}\end{array}
-Refer to Table 5.7,which shows the quantity supplied and the quantity demanded for restaurant meals at different prices.Use the information to calculate the price elasticity of supply for restaurant meals.


A) 7
B) 2
C) 1/2
D) 3/5
E) 5/3

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