Multiple Choice
Suppose quantity supplied increases from 16 to 24.Using the mid-point formula,the percentage change in quantity supplied is:
A) 40%
B) 0.4%
C) 4%
D) 40%.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q78: The calculated price elasticity of demand:<br>A) is
Q79: Suppose when the price of novels goes
Q81: When price was 5,quantity demanded was 10.When
Q82: The demand for steak is _ than
Q84: Assuming price elasticity of demand is reported
Q85: Suppose when the price of a cookie
Q86: A tavern is likely to have a
Q87: Price elasticity of supply:<br>A) is the percentage
Q88: The price elasticity of supply is _
Q154: The percentage change in the quantity supplied