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A T-Shirt Maker Would Be Willing to Supply 75 T-Shirts

Question 39

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.

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