If the price of laptop computers decreases from $550 to $500 and the quantity supplied decreases from 15,000 to 12,000 per week.Using the initial price method the price elasticity of supply is:
A)1.2.
B)2.2.
C).2.
D)2.

Question

Quizplus · Accepted Answer

The Answer of If the price of laptop computers decreases from $550 to $500 and the quantity supplied decreases from 15,000 to 12,000 per week.Using the initial price method the price elasticity of supply is:
A)1.2.
B)2.2.
C).2.
D)2.

If the Price of Laptop Computers Decreases from $550 to $500