Multiple Choice
A t-shirt maker would be willing to supply 75 t-shirts per day at a price of $18.00 each.At a price of $20.00,the t-shirt maker would be willing to supply 100 t-shirts.Using the midpoint method,the price elasticity of supply for t-shirts is about
A) 0.37,and supply is elastic.
B) 0.37,and supply is inelastic.
C) 2.71,and supply is elastic.
D) 2.71,and supply is inelastic.
Correct Answer:

Verified
Correct Answer:
Verified
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