Table 6-8

The town of Bloomfield is well known for its basketball team. The price of basketball game tickets is determined by market forces. Table 6-8 above shows the demand and supply schedules for basketball games tickets.
-Refer to Table 6-8.What is the numerical value of the price elasticity of supply?
A)1
B)greater than 0 but less than 1
C)0
D)greater than 1

Question

Table 6-8
  
The town of Bloomfield is well known for its basketball team. The price of basketball game tickets is determined by market forces. Table 6-8 above shows the demand and supply schedules for basketball games tickets.
-Refer to Table 6-8.What is the numerical value of the price elasticity of supply?
A)1 
B)greater than 0 but less than 1 
C)0 
D)greater than 1

Quizplus · Accepted Answer

The Answer of Table 6-8
  
The town of Bloomfield is well known for its basketball team. The price of basketball game tickets is determined by market forces. Table 6-8 above shows the demand and supply schedules for basketball games tickets.
-Refer to Table 6-8.What is the numerical value of the price elasticity of supply?
A)1 
B)greater than 0 but less than 1 
C)0 
D)greater than 1

Table 6-8 The Town of Bloomfield Is Well Known for Its Basketball