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    Principles of Macroeconomics Study Set 8
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    Exam 5: Elasticity and Its Applications: The Elasticity of Supply
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    On a Certain Supply Curve,one Point Is (Quantity Supplied =
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On a Certain Supply Curve,one Point Is (Quantity Supplied =

Question 46

Question 46

Multiple Choice

On a certain supply curve,one point is (quantity supplied = 200,price = $4.00) and another point is (quantity supplied = 250,price = $4.50) .Using the midpoint method,the price elasticity of supply is about


A) 0.22.
B) 0.53.
C) 1.00.
D) 1.89.

Correct Answer:

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