At Price of $1

Multiple Choice

At price of $1.30 per pound,a local apple orchard is willing to supply 150 pounds of apples per day.At a price of $1.50 per pound,the orchard is willing to supply 170 pounds of apples per day.Using the midpoint method,the price elasticity of supply is about

A) 1.14.
B) 1.00.
C) 0.875.
D) 0.50.