Assume that a firm makes available 50 more units of a good at a price of $2 than it made available when the price was $1. What is the price elasticity of supply?
A)It cannot be determined from the information given.
B)0.25
C)25
D)50
E)0.04

Question

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The Answer of Assume that a firm makes available 50 more units of a good at a price of $2 than it made available when the price was $1. What is the price elasticity of supply?
A)It cannot be determined from the information given.
B)0.25
C)25
D)50
E)0.04

Assume That a Firm Makes Available 50 More Units of a Good